McDonald's Co. (NYSE:MCD) Shares Sold by Asset Dedication LLC

Asset Dedication LLC lowered its position in McDonald's Co. (NYSE:MCD - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,506 shares of the fast-food giant's stock after selling 4,051 shares during the period. Asset Dedication LLC's holdings in McDonald's were worth $3,915,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MCD. Legacy Investment Solutions LLC bought a new position in shares of McDonald's in the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald's during the third quarter valued at approximately $31,000. Hara Capital LLC bought a new stake in McDonald's during the third quarter valued at approximately $44,000. Peterson Financial Group Inc. bought a new stake in McDonald's during the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald's during the third quarter valued at approximately $72,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company's stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares of the company's stock, 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. In the last three months, insiders sold 7,406 shares of company stock worth $2,150,857. Company insiders own 0.23% of the company's stock.

McDonald's Trading Down 0.5 %

Shares of NYSE MCD traded down $1.49 during midday trading on Friday, reaching $288.83. 2,556,402 shares of the company were exchanged, compared to its average volume of 2,785,411. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a fifty day simple moving average of $291.12 and a 200 day simple moving average of $289.51. The stock has a market cap of $206.98 billion, a P/E ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the firm earned $3.19 EPS. The company's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts forecast that McDonald's Co. will post 11.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of McDonald's from $340.00 to $336.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Bank of America lifted their price target on shares of McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Barclays lifted their price target on shares of McDonald's from $300.00 to $325.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Finally, Citigroup lifted their price target on shares of McDonald's from $334.00 to $336.00 and gave the stock a "buy" rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $320.87.

McDonald's 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.