Annex Advisory Services LLC Sells 52 Shares of McDonald’s Co. (NYSE:MCD)

Annex Advisory Services LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,355 shares of the fast-food giant’s stock after selling 52 shares during the period. Annex Advisory Services LLC’s holdings in McDonald’s were worth $973,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Kennebec Savings Bank bought a new stake in shares of McDonald’s in the third quarter worth approximately $1,394,000. Charles Schwab Investment Management Inc. increased its position in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after purchasing an additional 51,210 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in shares of McDonald’s during the 3rd quarter valued at about $16,870,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $280.90 on Tuesday. The company has a market cap of $201.30 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock’s 50 day simple moving average is $292.54 and its two-hundred day simple moving average is $287.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.19 EPS. Equities research analysts expect that McDonald’s Co. will post 11.73 EPS for the current year.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent research reports. KeyCorp boosted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Finally, UBS Group boosted their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Ten investment 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,704 shares of company stock valued at $2,829,428. Company insiders own 0.23% of the company’s stock.

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.