Fulton Breakefield Broenniman LLC Decreases Holdings in McDonald’s Co. (NYSE:MCD)

Fulton Breakefield Broenniman LLC trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,328 shares of the fast-food giant’s stock after selling 348 shares during the period. McDonald’s accounts for 1.5% of Fulton Breakefield Broenniman LLC’s holdings, making the stock its 21st biggest position. Fulton Breakefield Broenniman LLC’s holdings in McDonald’s were worth $20,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of McDonald’s by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock worth $32,894,000 after buying an additional 2,328 shares in the last quarter. Quarry LP lifted its stake in shares of McDonald’s by 54.6% in the second quarter. Quarry LP now owns 609 shares of the fast-food giant’s stock worth $155,000 after buying an additional 215 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of McDonald’s by 10.8% in the second quarter. Pathway Financial Advisers LLC now owns 11,747 shares of the fast-food giant’s stock worth $2,969,000 after buying an additional 1,143 shares in the last quarter. 3Chopt Investment Partners LLC purchased a new position in shares of McDonald’s in the second quarter worth about $628,000. Finally, Founders Financial Alliance LLC lifted its stake in shares of McDonald’s by 0.7% in the second quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock worth $1,269,000 after buying an additional 36 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’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 completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,905 shares of company stock valued at $2,592,327. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.6 %

Shares of McDonald’s stock opened at $291.48 on Wednesday. The company has a 50 day moving average of $291.11 and a 200 day moving average of $288.97. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market capitalization of $208.88 billion, a P/E ratio of 25.59, a P/E/G ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $3.19 EPS. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on MCD. KeyCorp reduced their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Truist Financial reduced their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their price target on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $320.87.

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.