McDonald’s Co. (NYSE:MCD) Shares Sold by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,136 shares of the fast-food giant’s stock after selling 105 shares during the period. Rosenberg Matthew Hamilton’s holdings in McDonald’s were worth $619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. International Assets Investment Management LLC raised its stake in shares of McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after acquiring an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after purchasing an additional 677,139 shares during the period. Mondrian Investment Partners LTD acquired a new stake in McDonald’s in the 2nd quarter valued at about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of McDonald’s in the 3rd quarter valued at about $121,254,000. Finally, Ameriprise Financial Inc. grew its position in shares of McDonald’s by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after buying an additional 354,196 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.3 %

Shares of MCD stock opened at $283.20 on Tuesday. The stock’s 50-day moving average price is $293.75 and its 200 day moving average price is $286.65. The stock has a market capitalization of $202.95 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (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 business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the company posted $3.19 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on MCD. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $311.00 to $334.00 in a research report on Friday. The Goldman Sachs Group increased their target price on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Morgan Stanley raised their price target on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is 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.