IVC Wealth Advisors LLC Sells 495 Shares of McDonald’s Co. (NYSE:MCD)

IVC Wealth Advisors LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,329 shares of the fast-food giant’s stock after selling 495 shares during the period. IVC Wealth Advisors LLC’s holdings in McDonald’s were worth $1,255,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the third quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s in the 3rd quarter worth approximately $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the 3rd quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s in the third quarter valued at $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Loop Capital reissued a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Evercore ISI upped their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Barclays lifted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $321.22.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,605 shares of company stock valued at $2,508,102. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.1 %

Shares of MCD opened at $284.49 on Friday. The company has a 50 day moving average of $291.49 and a two-hundred day moving average of $287.90. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market cap of $203.87 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 3.68 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.19 EPS. On average, sell-side analysts expect that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.