Grimes & Company Inc. Lowers Position in McDonald’s Co. (NYSE:MCD)

Grimes & Company Inc. lessened its stake in McDonald’s Co. (NYSE:MCD) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,037 shares of the fast-food giant’s stock after selling 74 shares during the quarter. Grimes & Company Inc.’s holdings in McDonald’s were worth $3,489,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MCD. Lantz Financial LLC grew its holdings in shares of McDonald’s by 2.8% in the fourth quarter. Lantz Financial LLC now owns 5,574 shares of the fast-food giant’s stock worth $1,616,000 after purchasing an additional 152 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in McDonald’s by 1.1% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 26,377 shares of the fast-food giant’s stock worth $7,646,000 after acquiring an additional 296 shares in the last quarter. Bennett Selby Investments LP grew its holdings in McDonald’s by 0.7% during the 4th quarter. Bennett Selby Investments LP now owns 5,174 shares of the fast-food giant’s stock worth $1,500,000 after acquiring an additional 37 shares in the last quarter. Firethorn Wealth Partners LLC lifted its position in shares of McDonald’s by 4.5% during the fourth quarter. Firethorn Wealth Partners LLC now owns 875 shares of the fast-food giant’s stock valued at $254,000 after buying an additional 38 shares during the last quarter. Finally, Carr Financial Group Corp lifted its position in shares of McDonald’s by 24.9% during the fourth quarter. Carr Financial Group Corp now owns 1,219 shares of the fast-food giant’s stock valued at $353,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock valued at $2,592,327 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

NYSE MCD opened at $285.37 on Friday. The firm has a 50 day simple moving average of $291.07 and a 200-day simple moving average of $288.14. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the company earned $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts predict that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MCD shares. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. UBS Group increased their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research 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 report on Friday, January 3rd. Finally, KeyCorp decreased their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

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.