McDonald’s Co. (NYSE:MCD) Shares Sold by Regatta Capital Group LLC

Regatta Capital Group LLC decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,214 shares of the fast-food giant’s stock after selling 2,485 shares during the period. Regatta Capital Group LLC’s holdings in McDonald’s were worth $2,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Clarendon Private LLC acquired a new stake in shares of McDonald’s in the 4th quarter worth $923,000. Marshall Financial Group LLC raised its holdings in McDonald’s by 1.0% during the fourth quarter. Marshall Financial Group LLC now owns 10,064 shares of the fast-food giant’s stock worth $2,918,000 after purchasing an additional 99 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its position in McDonald’s by 0.6% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 33,965 shares of the fast-food giant’s stock valued at $9,846,000 after purchasing an additional 192 shares during the period. Archford Capital Strategies LLC lifted its position in McDonald’s by 0.5% in the fourth quarter. Archford Capital Strategies LLC now owns 8,821 shares of the fast-food giant’s stock valued at $2,557,000 after purchasing an additional 44 shares during the period. Finally, Smith Chas P & Associates PA Cpas boosted its holdings in McDonald’s by 1.5% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 174,808 shares of the fast-food giant’s stock valued at $50,675,000 after purchasing an additional 2,589 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were 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 in the company, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,905 shares of company stock worth $2,592,327 in the last three months. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $285.37 on Friday. The firm has a market capitalization of $204.50 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a 50 day moving average price of $291.07 and a 200 day moving average price of $288.14.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm posted $3.19 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on MCD shares. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. KeyCorp reduced their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $320.78.

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.