Regent Peak Wealth Advisors LLC Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

Regent Peak Wealth Advisors LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 47.5% during the fourth quarter, HoldingsChannel reports. The firm owned 5,443 shares of the fast-food giant’s stock after selling 4,929 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in McDonald’s were worth $1,578,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Great Lakes Advisors LLC grew its holdings in McDonald’s by 0.7% in the 2nd quarter. Great Lakes Advisors LLC now owns 32,122 shares of the fast-food giant’s stock valued at $8,186,000 after buying an additional 222 shares during the period. Strategic Financial Concepts LLC purchased a new stake in McDonald’s in the second quarter valued at approximately $529,000. Chris Bulman Inc acquired a new position in McDonald’s during the second quarter worth approximately $112,000. Acadian Asset Management LLC raised its stake in McDonald’s by 494.9% during the second quarter. Acadian Asset Management LLC now owns 19,179 shares of the fast-food giant’s stock worth $4,886,000 after purchasing an additional 15,955 shares during the period. Finally, Caprock Group LLC boosted its holdings in shares of McDonald’s by 84.0% in the 2nd quarter. Caprock Group LLC now owns 12,845 shares of the fast-food giant’s stock valued at $3,274,000 after purchasing an additional 5,863 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD traded down $0.84 during trading hours on Tuesday, reaching $291.34. 1,150,360 shares of the company’s stock traded hands, compared to its average volume of 2,318,009. The firm has a market capitalization of $208.78 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 3.95 and a beta of 0.73. The business’s fifty day simple moving average is $294.52 and its two-hundred day simple moving average is $285.69. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly 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 net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business posted $3.19 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. This represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,050 shares of company stock valued at $3,556,688. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on MCD shares. JPMorgan Chase & Co. increased their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Citigroup increased their target price on McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. UBS Group boosted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Truist Financial dropped their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price target on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.65.

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.