Enclave Advisors LLC Cuts Position in McDonald’s Co. (NYSE:MCD)

Enclave Advisors LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,666 shares of the fast-food giant’s stock after selling 62 shares during the period. Enclave Advisors LLC’s holdings in McDonald’s were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. 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 quarter. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

Shares of MCD opened at $282.85 on Wednesday. The company has a 50 day moving average price of $292.12 and a 200-day moving average price of $287.72. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market capitalization of $202.69 billion, a PE ratio of 24.83, a PEG ratio of 3.65 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping 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 company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business earned $3.19 earnings per share. McDonald’s’s revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Wells Fargo & Company raised their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $321.22.

About McDonald’s

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.