Aspire Capital Advisors LLC Reduces Stake in McDonald’s Co. (NYSE:MCD)

Aspire Capital Advisors LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,239 shares of the fast-food giant’s stock after selling 79 shares during the period. Aspire Capital Advisors LLC’s holdings in McDonald’s were worth $359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonegate Investment Group LLC lifted its holdings in McDonald’s by 1.5% in the fourth quarter. Stonegate Investment Group LLC now owns 38,742 shares of the fast-food giant’s stock worth $11,231,000 after buying an additional 587 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of McDonald’s by 10.2% in the 4th quarter. Perigon Wealth Management LLC now owns 62,265 shares of the fast-food giant’s stock valued at $17,418,000 after purchasing an additional 5,745 shares during the period. Jeppson Wealth Management LLC boosted its position in shares of McDonald’s by 3.1% during the fourth quarter. Jeppson Wealth Management LLC now owns 3,308 shares of the fast-food giant’s stock valued at $959,000 after purchasing an additional 101 shares in the last quarter. Curbstone Financial Management Corp grew its stake in McDonald’s by 1.8% in the fourth quarter. Curbstone Financial Management Corp now owns 4,972 shares of the fast-food giant’s stock worth $1,441,000 after purchasing an additional 88 shares during the period. Finally, Revolve Wealth Partners LLC grew its stake in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.4 %

NYSE MCD opened at $291.90 on Tuesday. The firm has a market capitalization of $209.18 billion, a P/E ratio of 25.64, a PEG ratio of 3.66 and a beta of 0.73. The company has a 50-day moving average price of $291.07 and a 200-day moving average price of $288.70. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

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 business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.19 EPS. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Citigroup boosted their target price on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Barclays lifted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, Bank of America lifted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten investment 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, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

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.