Unio Capital LLC Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Unio Capital LLC cut its stake in McDonald’s Co. (NYSE:MCD) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,254 shares of the fast-food giant’s stock after selling 68 shares during the period. McDonald’s accounts for 0.1% of Unio Capital LLC’s holdings, making the stock its 22nd biggest position. Unio Capital LLC’s holdings in McDonald’s were worth $364,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Atala Financial Inc purchased a new stake in McDonald’s during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the fourth quarter valued at $27,000. Collier Financial purchased a new stake in McDonald’s during the fourth quarter valued at $29,000. Fairway Wealth LLC lifted its holdings in McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald’s in the fourth quarter worth about $30,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup upped their price target on shares of McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Bank of America increased their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Truist Financial set a $350.00 price objective on McDonald’s in a research note on Friday, May 2nd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $325.91.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,636 shares of company stock worth $5,420,722. 0.25% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $321.23 on Tuesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The stock has a market cap of $229.69 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 3.10 and a beta of 0.57. The firm’s 50-day moving average is $310.48 and its two-hundred day moving average is $300.94.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald’s’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $2.70 earnings per share. On average, equities analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.