Affiance Financial LLC Reduces Stock Position in McDonald’s Co. (NYSE:MCD)

Affiance Financial LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 9.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,678 shares of the fast-food giant’s stock after selling 565 shares during the period. Affiance Financial LLC’s holdings in McDonald’s were worth $1,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the third quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the 3rd quarter worth approximately $31,000. Hara Capital LLC bought a new position in shares of McDonald’s during the third quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC acquired a new position in McDonald’s during the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.3 %

Shares of McDonald’s stock opened at $285.37 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a 50 day moving average of $291.07 and a 200 day moving average of $288.14. The firm has a market cap of $204.50 billion, a PE ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.19 EPS. As a group, equities research analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on MCD. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Bank of America upped their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Barclays upped their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $320.78.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was 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 directly owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their position. 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 quarter. 0.23% of the stock is owned by insiders.

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.