KFG Wealth Management LLC Sells 155 Shares of McDonald’s Co. (NYSE:MCD)

KFG Wealth Management LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,511 shares of the fast-food giant’s stock after selling 155 shares during the quarter. KFG Wealth Management LLC’s holdings in McDonald’s were worth $728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Jamison Private Wealth Management Inc. lifted its position in shares of McDonald’s by 0.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 33,965 shares of the fast-food giant’s stock valued at $9,846,000 after buying an additional 192 shares during the last quarter. Archford Capital Strategies LLC raised its stake in shares of McDonald’s by 0.5% during the 4th quarter. Archford Capital Strategies LLC now owns 8,821 shares of the fast-food giant’s stock worth $2,557,000 after acquiring an additional 44 shares in the last quarter. Smith Chas P & Associates PA Cpas lifted its position in McDonald’s by 1.5% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 174,808 shares of the fast-food giant’s stock valued at $50,675,000 after acquiring an additional 2,589 shares during the last quarter. Stewardship Advisors LLC boosted its stake in McDonald’s by 5.1% in the fourth quarter. Stewardship Advisors LLC now owns 826 shares of the fast-food giant’s stock valued at $239,000 after acquiring an additional 40 shares in the last quarter. Finally, Advocate Group LLC grew its holdings in McDonald’s by 4.1% in the fourth quarter. Advocate Group LLC now owns 30,626 shares of the fast-food giant’s stock worth $8,878,000 after purchasing an additional 1,198 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.3 %

McDonald’s stock opened at $285.37 on Friday. The firm has a market cap of $204.50 billion, a PE ratio of 25.05, a P/E/G ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock’s 50 day simple moving average is $291.07 and its two-hundred day simple moving average is $288.14.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) 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 firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm posted $3.19 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that McDonald’s Co. will post 11.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MCD. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Loop Capital reiterated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Wells Fargo & Company boosted their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $320.78.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’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 value 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 $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company 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.