Stonebrook Private Inc. Sells 446 Shares of McDonald’s Co. (NYSE:MCD)

Stonebrook Private Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 10,169 shares of the fast-food giant’s stock after selling 446 shares during the quarter. Stonebrook Private Inc.’s holdings in McDonald’s were worth $2,948,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $27,000. Collier Financial purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $29,000. Fairway Wealth LLC increased its position in shares of McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $30,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Bank of America lifted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. BMO Capital Markets reissued an “outperform” rating and set a $345.00 price objective (up from $340.00) on shares of McDonald’s in a report on Monday, May 5th. Truist Financial set a $350.00 price objective on shares of McDonald’s in a report on Friday, May 2nd. Finally, Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $325.91.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the sale, the insider now directly owns 13,978 shares of the company’s stock, valued at $4,263,290. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. This trade represents a 69.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,636 shares of company stock valued at $5,420,722 over the last ninety days. 0.25% of the stock is currently owned by insiders.

McDonald’s Price Performance

Shares of MCD opened at $318.51 on Friday. The firm has a market capitalization of $227.76 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company’s fifty day moving average price is $310.04 and its 200-day moving average price is $300.70.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. The firm 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%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.70 earnings per share. As a group, research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

About McDonald’s

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.