Steigerwald Gordon & Koch Inc. Sells 77 Shares of McDonald’s Co. (NYSE:MCD)

Steigerwald Gordon & Koch Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,345 shares of the fast-food giant’s stock after selling 77 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in McDonald’s were worth $390,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the 3rd quarter worth approximately $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s in the third quarter worth approximately $44,000. Peterson Financial Group Inc. bought a new stake in McDonald’s during the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $280.90 on Friday. The stock has a 50 day moving average price of $292.54 and a 200-day moving average price of $286.97. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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 business 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 business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $3.19 EPS. As a group, equities analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 over the last ninety days. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MCD shares. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Barclays boosted their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

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.