Monument Group Wealth Advisors LLC Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Monument Group Wealth Advisors LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 939 shares of the fast-food giant’s stock after selling 50 shares during the quarter. Monument Group Wealth Advisors LLC’s holdings in McDonald’s were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. raised its position in McDonald’s by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock worth $12,281,000 after purchasing an additional 915 shares during the period. Brighton Jones LLC grew its stake in shares of McDonald’s by 8.4% in the second quarter. Brighton Jones LLC now owns 8,291 shares of the fast-food giant’s stock worth $2,113,000 after purchasing an additional 646 shares during the last quarter. Trust Investment Advisors purchased a new stake in McDonald’s in the second quarter worth $328,000. Wealth Advisors of Tampa Bay LLC raised its holdings in McDonald’s by 12.1% in the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 17,446 shares of the fast-food giant’s stock worth $4,446,000 after purchasing an additional 1,880 shares in the last quarter. Finally, Retirement Investment Advisors Inc. purchased a new stake in McDonald’s in the second quarter worth about $248,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCD. Wells Fargo & Company boosted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Truist Financial lowered their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their target price for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. 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, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Price Performance

Shares of NYSE MCD traded up $1.16 during mid-day trading on Friday, hitting $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 capitalization 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’s 50-day moving average is $292.90 and its two-hundred day moving average is $286.75. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.19 EPS. Equities analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by company insiders.

McDonald’s Company 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.