McDonald’s Co. (NYSE:MCD) Shares Sold by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 9.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,686 shares of the fast-food giant’s stock after selling 275 shares during the quarter. Quadcap Wealth Management LLC’s holdings in McDonald’s were worth $779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantinno Capital Management LP lifted its position in shares of McDonald’s by 38.3% during the 4th quarter. Quantinno Capital Management LP now owns 72,740 shares of the fast-food giant’s stock valued at $21,087,000 after acquiring an additional 20,140 shares during the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of McDonald’s during the 4th quarter valued at $3,066,000. Nearwater Capital Markets Ltd acquired a new stake in shares of McDonald’s during the 4th quarter valued at $55,130,000. Northeast Financial Consultants Inc lifted its position in shares of McDonald’s by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock valued at $2,170,000 after acquiring an additional 34 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in McDonald’s by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 4,595,245 shares of the fast-food giant’s stock valued at $1,332,116,000 after purchasing an additional 226,752 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 2.1%

NYSE MCD opened at $314.04 on Friday. The company has a fifty day simple moving average of $309.80 and a 200 day simple moving average of $300.47. The company has a market cap of $224.56 billion, a P/E ratio of 27.57, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.70 EPS. Equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

Insider Buying and Selling

In other McDonald’s news, EVP Manuel Jm Steijaert sold 10,459 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the completion of the sale, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at $1,421,918.26. This represents a 69.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This trade represents a 24.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,636 shares of company stock valued at $5,420,722. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. Erste Group Bank upgraded McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price target (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Bank of America boosted their price objective 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. Finally, Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $325.91.

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.