CMG Global Holdings LLC Sells 200 Shares of McDonald’s Co. (NYSE:MCD)

CMG Global Holdings LLC lowered its stake in McDonald’s Co. (NYSE:MCD) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,387 shares of the fast-food giant’s stock after selling 200 shares during the period. CMG Global Holdings LLC’s holdings in McDonald’s were worth $390,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s during the third quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s during the third quarter worth $58,000. Finally, FSA Wealth Management LLC bought a new position in shares of McDonald’s in the 3rd quarter valued at $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.0 %

Shares of MCD stock opened at $290.19 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a market capitalization of $207.96 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73. The firm has a fifty day simple moving average of $291.11 and a two-hundred day simple moving average of $289.24.

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, topping analysts’ consensus estimates 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 company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business posted $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Co. will post 11.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were 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 in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,406 shares of company stock valued at $2,150,857. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Morgan Stanley cut their target price on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Citigroup raised their price target on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Truist Financial decreased their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.