McDonald's Co. (NYSE:MCD) Shares Sold by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC cut its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,196 shares of the fast-food giant's stock after selling 1,198 shares during the period. McDonald's comprises 0.7% of Trueblood Wealth Management LLC's portfolio, making the stock its 29th biggest position. Trueblood Wealth Management LLC's holdings in McDonald's were worth $1,506,000 at the end of the most recent reporting period.

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

McDonald's Stock Performance

Shares of NYSE:MCD traded up $1.16 during midday trading on Monday, reaching $280.90. 3,304,829 shares of the company's stock traded hands, compared to its average volume of 2,456,984. The company has a market cap of $201.30 billion, a P/E ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. The company has a fifty day simple moving average of $292.54 and a two-hundred day simple moving average of $287.50. McDonald's Co. has a 1 year low of $243.53 and a 1 year 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 business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business earned $3.19 earnings per share. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts forecast that McDonald's Co. will post 11.73 EPS for the current fiscal year.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the transaction, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 sale, 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. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 in the last ninety days. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on MCD shares. Barclays increased their price target on shares of McDonald's from $300.00 to $325.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of McDonald's from $284.00 to $325.00 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. TD Cowen reissued a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research report on Tuesday, October 29th. UBS Group upped their target price on McDonald's from $305.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Citigroup raised McDonald's from a "neutral" rating to a "buy" rating and raised their price target for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $321.39.

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.