Clean Yield Group Sells 50 Shares of McDonald’s Co. (NYSE:MCD)

Clean Yield Group decreased its position in McDonald’s Co. (NYSE:MCD) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,312 shares of the fast-food giant’s stock after selling 50 shares during the quarter. Clean Yield Group’s holdings in McDonald’s were worth $380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. International Assets Investment Management LLC lifted its position in shares of McDonald’s by 31,151.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after purchasing an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after acquiring an additional 677,139 shares during the period. Mondrian Investment Partners LTD acquired a new stake in shares of McDonald’s in the second quarter worth $110,321,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in McDonald’s during the third quarter worth $121,254,000. Finally, Ameriprise Financial Inc. raised its stake in McDonald’s by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after purchasing an additional 354,196 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.5 %

NYSE MCD traded up $1.30 during trading hours on Monday, hitting $283.61. The company’s stock had a trading volume of 1,430,767 shares, compared to its average volume of 2,805,085. The stock has a fifty day moving average of $293.94 and a 200 day moving average of $286.47. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a market capitalization of $203.24 billion, a P/E ratio of 24.90, a PEG ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company earned $3.19 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 in the last 90 days. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MCD shares. TD Cowen reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. KeyCorp lifted their price objective on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group lifted their price target on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Finally, Morgan Stanley increased their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $321.39.

About McDonald’s

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.