McDonald’s Co. (NYSE:MCD) Stake Reduced by Howard Capital Management Group LLC

Howard Capital Management Group LLC decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,725 shares of the fast-food giant’s stock after selling 200 shares during the period. Howard Capital Management Group LLC’s holdings in McDonald’s were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s during the 3rd quarter worth about $31,000. Hara Capital LLC purchased a new stake in McDonald’s during the third quarter valued at about $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s in the third quarter worth about $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s in the third quarter worth approximately $72,000. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This trade represents a 10.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,605 shares of company stock worth $2,508,102. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.7 %

Shares of McDonald’s stock opened at $282.85 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market capitalization of $202.69 billion, a P/E ratio of 24.83, a PEG ratio of 3.65 and a beta of 0.73. The stock has a 50 day moving average price of $292.12 and a two-hundred day moving average price of $287.72.

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

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. KeyCorp lifted their price target on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Evercore ISI increased their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Wedbush reaffirmed an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price target for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $321.22.

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.