ProShare Advisors LLC Sells 13,895 Shares of McDonald’s Co. (NYSE:MCD)

ProShare Advisors LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 874,099 shares of the fast-food giant’s stock after selling 13,895 shares during the period. McDonald’s makes up about 0.6% of ProShare Advisors LLC’s holdings, making the stock its 27th biggest position. ProShare Advisors LLC owned 0.12% of McDonald’s worth $253,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Northeast Financial Consultants Inc increased its holdings in McDonald’s by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock worth $2,170,000 after acquiring an additional 34 shares during the period. Pettee Investors Inc. increased its holdings in shares of McDonald’s by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after buying an additional 35 shares during the last quarter. Covestor Ltd increased its holdings in shares of McDonald’s by 4.1% in the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant’s stock worth $261,000 after buying an additional 35 shares during the last quarter. Independent Wealth Network Inc. increased its holdings in shares of McDonald’s by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after buying an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC increased its holdings in shares of McDonald’s by 4.3% in the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after buying an additional 36 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’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 completion of the transaction, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at $2,964,892.08. This trade represents a 24.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,636 shares of company stock valued at $5,420,722. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. Citigroup increased their price target on shares of McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a 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 report on Tuesday, February 11th. TD Securities reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Robert W. Baird increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, Truist Financial set a $350.00 price target on shares of McDonald’s in a report on Friday, May 2nd. Eleven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $325.91.

McDonald’s Stock Down 0.5%

Shares of McDonald’s stock opened at $307.24 on Thursday. The company’s fifty day simple moving average is $309.86 and its two-hundred day simple moving average is $300.36. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market cap of $219.70 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the company posted $2.70 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Company 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.