Buttonwood Financial Advisors Inc. Lowers Holdings in McDonald’s Co. (NYSE:MCD)

Buttonwood Financial Advisors Inc. lessened its position in McDonald’s Co. (NYSE:MCD) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,627 shares of the fast-food giant’s stock after selling 51 shares during the period. Buttonwood Financial Advisors Inc.’s holdings in McDonald’s were worth $1,341,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research analyst reports. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Evercore ISI upped their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Truist Financial lowered their target price 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, Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $320.78.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’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 transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $285.37 on Monday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a 50-day simple moving average of $291.07 and a 200-day simple moving average of $288.70. The stock has a market capitalization of $204.50 billion, a P/E ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating 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 business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm posted $3.19 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current year.

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.