Householder Group Estate & Retirement Specialist LLC Reduces Stake in McDonald’s Co. (NYSE:MCD)

Householder Group Estate & Retirement Specialist LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 82.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 528 shares of the fast-food giant’s stock after selling 2,450 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in McDonald’s were worth $153,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research firms recently weighed in on MCD. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. BMO Capital Markets boosted their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI raised their target price on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.39.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % 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 McDonald’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 transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,704 shares of company stock worth $2,829,428. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $280.90 on Friday. The stock’s 50-day simple moving average is $292.90 and its two-hundred day simple moving average is $286.75. The stock has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.19 EPS. As a group, equities analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

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.