Clarius Group LLC Sells 117 Shares of McDonald’s Co. (NYSE:MCD)

Clarius Group LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,887 shares of the fast-food giant’s stock after selling 117 shares during the quarter. Clarius Group LLC’s holdings in McDonald’s were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,704 shares of company stock worth $2,829,428. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $280.90 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company’s 50-day simple moving average is $292.54 and its 200-day simple moving average is $286.97. The stock has a market capitalization of $201.30 billion, a PE ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MCD shares. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. UBS Group upped their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Truist Financial decreased their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. KeyCorp lifted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, BMO Capital Markets boosted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

McDonald’s Company 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.