McDonald's Co. (NYSE:MCD) Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors lessened its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 79.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,628 shares of the fast-food giant's stock after selling 10,252 shares during the quarter. Ibex Wealth Advisors' holdings in McDonald's were worth $762,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Invesco LLC increased its position in shares of McDonald's by 1.2% during the fourth quarter. Invesco LLC now owns 5,138 shares of the fast-food giant's stock valued at $1,489,000 after acquiring an additional 59 shares during the last quarter. Valicenti Advisory Services Inc. boosted its position in shares of McDonald's by 0.7% during the 4th quarter. Valicenti Advisory Services Inc. now owns 11,756 shares of the fast-food giant's stock worth $3,408,000 after purchasing an additional 77 shares during the period. Strategic Blueprint LLC increased its holdings in McDonald's by 1.0% in the 4th quarter. Strategic Blueprint LLC now owns 4,521 shares of the fast-food giant's stock valued at $1,311,000 after purchasing an additional 44 shares during the last quarter. Iams Wealth Management LLC raised its position in McDonald's by 2.5% in the fourth quarter. Iams Wealth Management LLC now owns 6,531 shares of the fast-food giant's stock valued at $1,894,000 after purchasing an additional 158 shares during the period. Finally, Masso Torrence Wealth Management Inc. lifted its stake in McDonald's by 7.5% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 1,375 shares of the fast-food giant's stock worth $399,000 after purchasing an additional 96 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MCD shares. Loop Capital reaffirmed a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a research note on Friday, January 3rd. Wedbush reaffirmed an "outperform" rating and issued a $295.00 target price on shares of McDonald's in a research report on Wednesday, October 23rd. Guggenheim cut shares of McDonald's from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Baird R W cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their target price on shares of McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $320.87.

McDonald's Stock Up 0.1 %

MCD traded up $0.34 on Thursday, reaching $290.45. The company had a trading volume of 881,138 shares, compared to its average volume of 2,973,867. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a market capitalization of $208.14 billion, a PE ratio of 25.48, a P/E/G ratio of 3.66 and a beta of 0.73. The stock has a 50-day moving average price of $291.11 and a 200-day moving average price of $289.24.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.19 EPS. As a group, analysts expect that McDonald's Co. will post 11.72 earnings per share for the current fiscal year.

Insider Buying and Selling at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business'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 transaction, the executive vice president now owns 9,675 shares of the company's stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is owned by 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.