Consolidated Capital Management LLC Sells 526 Shares of McDonald’s Co. (NYSE:MCD)

Consolidated Capital Management LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,026 shares of the fast-food giant’s stock after selling 526 shares during the period. McDonald’s makes up approximately 2.8% of Consolidated Capital Management LLC’s holdings, making the stock its 14th largest holding. Consolidated Capital Management LLC’s holdings in McDonald’s were worth $6,385,000 at the end of the most recent reporting period.

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

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is owned by insiders.

McDonald’s Stock Up 0.4 %

Shares of NYSE MCD opened at $280.90 on Monday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company’s 50-day simple moving average is $292.54 and its 200-day simple moving average is $287.24. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 earnings per share. Equities research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America raised their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

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.