Alpha Cubed Investments LLC Sells 2,057 Shares of McDonald's Co. (NYSE:MCD)

Alpha Cubed Investments LLC cut its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,604 shares of the fast-food giant's stock after selling 2,057 shares during the period. McDonald's accounts for about 1.1% of Alpha Cubed Investments LLC's holdings, making the stock its 26th biggest position. Alpha Cubed Investments LLC's holdings in McDonald's were worth $24,526,000 at the end of the most recent quarter.

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

Insider Activity at McDonald's

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,704 shares of company stock valued at $2,829,428. Corporate insiders own 0.23% of the company's stock.

McDonald's Trading Down 0.2 %

Shares of McDonald's stock traded down $0.64 on Tuesday, reaching $280.31. 2,046,050 shares of the company were exchanged, compared to its average volume of 2,950,868. The stock has a fifty day moving average price of $292.12 and a 200-day moving average price of $287.72. The firm has a market capitalization of $200.87 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results 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. 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 for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business earned $3.19 EPS. The company's revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that McDonald's Co. will post 11.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. Truist Financial decreased their price target on shares of McDonald's from $350.00 to $342.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a report on Tuesday, September 24th. Guggenheim lowered McDonald's from a "buy" rating to a "neutral" rating and cut their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Robert W. Baird downgraded McDonald's from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, UBS Group raised their price target on shares of McDonald's from $305.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.22.

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.