McDonald’s Co. (NYSE:MCD) Shares Sold by RBA Wealth Management LLC

RBA Wealth Management LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,167 shares of the fast-food giant’s stock after selling 147 shares during the quarter. RBA Wealth Management LLC’s holdings in McDonald’s were worth $338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Patron Partners LLC increased its holdings in McDonald’s by 2.2% in the fourth quarter. Patron Partners LLC now owns 5,361 shares of the fast-food giant’s stock valued at $1,554,000 after buying an additional 117 shares in the last quarter. Childress Capital Advisors LLC grew its holdings in McDonald’s by 4.5% in the fourth quarter. Childress Capital Advisors LLC now owns 1,833 shares of the fast-food giant’s stock valued at $531,000 after purchasing an additional 79 shares during the period. Alliance Wealth Advisors LLC UT raised its stake in shares of McDonald’s by 3.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 12,476 shares of the fast-food giant’s stock worth $3,617,000 after buying an additional 431 shares during the period. GEN Financial Management INC. acquired a new stake in McDonald’s in the 4th quarter valued at $210,000. Finally, Vantage Point Financial LLC purchased a new stake in McDonald’s in the 4th quarter worth $716,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and decreased their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Citigroup lifted their price target on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company lifted their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Ten research 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $320.87.

McDonald’s Price Performance

NYSE MCD opened at $290.25 on Tuesday. The business’s 50-day simple moving average is $291.12 and its 200-day simple moving average is $289.94. The firm has a market capitalization of $208.00 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, 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 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 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 owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.