Evernest Financial Advisors LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,005 shares of the fast-food giant’s stock after selling 66 shares during the period. McDonald’s accounts for 0.5% of Evernest Financial Advisors LLC’s portfolio, making the stock its 28th largest position. Evernest Financial Advisors LLC’s holdings in McDonald’s were worth $2,031,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the third quarter worth $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s in the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC acquired a new stake in McDonald’s during the 3rd quarter worth $72,000. Institutional investors own 70.29% of the company’s stock.
Insider Buying and Selling at McDonald’s
In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 over the last ninety days. Insiders own 0.23% of the company’s stock.
McDonald’s Stock Performance
McDonald’s (NYSE:MCD – Get Free Report) 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 business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that McDonald’s Co. will post 11.68 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have issued reports on MCD. Morgan Stanley decreased their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Truist Financial decreased their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Bank of America raised their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, KeyCorp dropped their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $320.87.
Check Out Our Latest Research Report on McDonald’s
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.
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