McDonald’s Co. (NYSE:MCD) Shares Sold by Ethic Inc.

by · The Cerbat Gem

Ethic Inc. trimmed its stake in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,313 shares of the fast-food giant’s stock after selling 3,915 shares during the period. Ethic Inc.’s holdings in McDonald’s were worth $5,599,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MCD. Atala Financial Inc acquired a new stake in McDonald’s in the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s in the 4th quarter worth about $27,000. Collier Financial acquired a new stake in McDonald’s in the 4th quarter valued at about $29,000. Fairway Wealth LLC increased its holdings in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in McDonald’s during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $313.75 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market capitalization of $224.35 billion, a P/E ratio of 27.55, a P/E/G ratio of 3.10 and a beta of 0.57. The business’s 50-day simple moving average is $310.10 and its 200-day simple moving average is $300.11.

McDonald’s (NYSE:MCD – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the previous year, the company posted $2.70 earnings per share. McDonald’s’s revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Northcoast Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday. Bank of America boosted their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Citigroup increased their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, Piper Sandler boosted their target price on shares of McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Eleven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.91.

Check Out Our Latest Research Report on MCD

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the sale, the insider now directly owns 13,978 shares of the company’s stock, valued at $4,263,290. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,136 shares of company stock valued at $8,676,247. Company insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

(Free Report)

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.

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