McDonald’s Co. (NYSE:MCD) Shares Sold by Kercheville Advisors LLC

Kercheville Advisors LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,798 shares of the fast-food giant’s stock after selling 255 shares during the quarter. Kercheville Advisors LLC’s holdings in McDonald’s were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. raised its holdings in McDonald’s by 2.4% during the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock worth $433,000 after buying an additional 33 shares during the period. Riversedge Advisors LLC raised its holdings in shares of McDonald’s by 2.0% in the third quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock valued at $513,000 after purchasing an additional 33 shares during the last quarter. Proquility Private Wealth Partners LLC increased its holdings in McDonald’s by 1.0% during the third quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock worth $1,057,000 after buying an additional 35 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after buying an additional 35 shares during the last quarter. Finally, GDS Wealth Management boosted its position in McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after purchasing an additional 35 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

MCD opened at $288.49 on Thursday. The company has a market capitalization of $206.74 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 3.83 and a beta of 0.74. The firm’s fifty day moving average price is $290.88 and its two-hundred day moving average price is $290.38. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MCD shares. 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 research report on Tuesday, January 28th. Barclays boosted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Evercore ISI boosted their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. UBS Group upped their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company upped their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $319.57.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now directly owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were 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 in the company, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock valued at $2,150,857 in the last three months. 0.23% of the stock is currently owned by insiders.

About McDonald’s

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.