Kingswood Wealth Advisors LLC Has $2.52 Million Holdings in McDonald’s Co. (NYSE:MCD)

Kingswood Wealth Advisors LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,685 shares of the fast-food giant’s stock after selling 2,181 shares during the period. Kingswood Wealth Advisors LLC’s holdings in McDonald’s were worth $2,518,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MCD. PFG Investments LLC boosted its holdings in shares of McDonald’s by 0.8% during the 4th quarter. PFG Investments LLC now owns 14,936 shares of the fast-food giant’s stock worth $4,330,000 after buying an additional 119 shares during the period. Drive Wealth Management LLC raised its holdings in McDonald’s by 3.6% during the fourth quarter. Drive Wealth Management LLC now owns 2,026 shares of the fast-food giant’s stock worth $587,000 after buying an additional 70 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in McDonald’s during the fourth quarter worth about $220,000. Stablepoint Partners LLC boosted its position in shares of McDonald’s by 0.5% in the fourth quarter. Stablepoint Partners LLC now owns 21,450 shares of the fast-food giant’s stock valued at $6,218,000 after acquiring an additional 101 shares during the period. Finally, Clarendon Private LLC purchased a new position in shares of McDonald’s in the fourth quarter worth $923,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,905 shares of company stock worth $2,592,327. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several research analyst reports. Evercore ISI lifted their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Wells Fargo & Company raised their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.78.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $285.37 on Monday. The firm’s 50-day simple moving average is $291.07 and its 200 day simple moving average is $288.43. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.66 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. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts predict that McDonald’s Co. will post 11.72 EPS for the current year.

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.