Occidental Asset Management LLC Trims Stake in McDonald’s Co. (NYSE:MCD)

Occidental Asset Management LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 2.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,548 shares of the fast-food giant’s stock after selling 44 shares during the quarter. Occidental Asset Management LLC’s holdings in McDonald’s were worth $449,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the 3rd quarter valued at approximately $31,000. Hara Capital LLC acquired a new position in McDonald’s during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s during the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $279.56 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company’s 50 day moving average price is $293.20 and its 200 day moving average price is $286.80. The firm has a market capitalization of $200.34 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.67 and a beta of 0.73.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on MCD shares. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Bank of America raised their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, UBS Group upped their target price on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Ten 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock worth $2,829,428 in the last 90 days. 0.23% of the stock is owned by company insiders.

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.