Capital Planning Advisors LLC Sells 1,723 Shares of McDonald’s Co. (NYSE:MCD)

Capital Planning Advisors LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 62.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,040 shares of the fast-food giant’s stock after selling 1,723 shares during the period. Capital Planning Advisors LLC’s holdings in McDonald’s were worth $301,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC acquired a new stake in McDonald’s during the 3rd quarter worth $44,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s during the 3rd quarter worth $58,000. Finally, FSA Wealth Management LLC acquired a new stake in McDonald’s during the 3rd quarter worth $72,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $281.34 on Thursday. The company has a fifty day moving average of $291.49 and a 200-day moving average of $287.90. The company has a market capitalization of $201.62 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 3.68 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 announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 earnings per share. On average, equities analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Ratings Changes

MCD has been the topic of several research analyst reports. UBS Group raised their price objective on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Evercore ISI raised their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $321.22.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,605 shares of company stock valued at $2,508,102 over the last 90 days. 0.23% of the stock is owned by 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.