Concentric Capital Strategies LP Trims Stock Position in McDonald’s Co. (NYSE:MCD)

Concentric Capital Strategies LP cut its position in McDonald’s Co. (NYSE:MCD) by 79.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,031 shares of the fast-food giant’s stock after selling 4,076 shares during the quarter. Concentric Capital Strategies LP’s holdings in McDonald’s were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Mattern Capital Management LLC raised its holdings in shares of McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank raised its stake in McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership bought a new stake in McDonald’s during the fourth quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. grew its stake in McDonald’s by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after buying an additional 164 shares in the last quarter. Finally, PFW Advisors LLC bought a new position in shares of McDonald’s in the 4th quarter worth $2,471,000. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. The trade was a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,136 shares of company stock worth $8,676,247. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday. Piper Sandler increased their price objective on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Robert W. Baird boosted their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, Bank of America increased their price target on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Eleven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Stock Down 1.4 %

NYSE:MCD opened at $313.61 on Friday. The firm’s fifty day simple moving average is $309.93 and its 200 day simple moving average is $300.12. The stock has a market cap of $224.26 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.