SOL Capital Management CO Reduces Stock Holdings in McDonald's Co. (NYSE:MCD)

SOL Capital Management CO lessened its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 24.8% 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 6,061 shares of the fast-food giant's stock after selling 2,000 shares during the period. SOL Capital Management CO's holdings in McDonald's were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup increased their price target on McDonald's from $334.00 to $336.00 and gave the stock a "buy" rating in a research report on Tuesday. Wedbush reissued an "outperform" rating and issued a $295.00 price target on shares of McDonald's in a research note on Wednesday, October 23rd. KeyCorp decreased their price objective on shares of McDonald's from $330.00 to $320.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. TD Cowen reissued a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Tuesday, October 29th. Finally, 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 research note on Wednesday, October 30th. 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 company presently has an average rating of "Moderate Buy" and an average price target of $320.87.

McDonald's Price Performance

Shares of NYSE MCD opened at $288.83 on Friday. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market capitalization of $206.98 billion, a P/E ratio of 25.36, a P/E/G ratio of 3.85 and a beta of 0.73. The company has a 50 day simple moving average of $291.15 and a 200-day simple moving average of $289.25.

McDonald's (NYSE:MCD - Get Free Report) last posted 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. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the business earned $3.19 earnings per share. The company's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts expect that McDonald's Co. will post 11.68 EPS for the current year.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm's 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 completion of the transaction, the insider now owns 9,286 shares of the company's stock, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company's stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by insiders.

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.

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