Arkadios Wealth Advisors Sells 1,825 Shares of McDonald's Co. (NYSE:MCD)

Arkadios Wealth Advisors cut its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,024 shares of the fast-food giant's stock after selling 1,825 shares during the period. Arkadios Wealth Advisors' holdings in McDonald's were worth $3,486,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. Spring Capital Management LLC raised its position in McDonald's by 4.0% in the 4th quarter. Spring Capital Management LLC now owns 18,765 shares of the fast-food giant's stock valued at $5,440,000 after buying an additional 720 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of McDonald's by 3.2% in the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,643 shares of the fast-food giant's stock worth $766,000 after acquiring an additional 82 shares in the last quarter. InTrack Investment Management Inc raised its holdings in shares of McDonald's by 63.3% in the fourth quarter. InTrack Investment Management Inc now owns 6,109 shares of the fast-food giant's stock valued at $1,720,000 after purchasing an additional 2,368 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its position in shares of McDonald's by 3.9% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 7,320 shares of the fast-food giant's stock valued at $2,122,000 after purchasing an additional 275 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in McDonald's during the fourth quarter worth about $134,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

NYSE MCD traded up $1.16 on Friday, hitting $280.90. The stock had a trading volume of 3,304,829 shares, compared to its average volume of 2,456,984. The firm has a 50-day moving average of $292.54 and a 200-day moving average of $287.24. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market capitalization 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $3.19 earnings per share. As a group, research analysts anticipate that McDonald's Co. will post 11.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MCD shares. Wedbush reiterated an "outperform" rating and issued a $295.00 price objective on shares of McDonald's in a research note on Wednesday, October 23rd. Evercore ISI lifted their price target on McDonald's from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, October 15th. TD Cowen restated a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Tuesday, October 29th. Guggenheim cut McDonald's from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Robert W. Baird downgraded shares of 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 report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, McDonald's presently has an average rating of "Moderate Buy" and an average target price of $321.39.

Insider Transactions at McDonald's

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the business's stock in a transaction that occurred 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 $459,435.60. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is owned by corporate insiders.

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.