Wealth Dimensions Group Ltd. Sells 379 Shares of McDonald’s Co. (NYSE:MCD)

Wealth Dimensions Group Ltd. trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,741 shares of the fast-food giant’s stock after selling 379 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in McDonald’s were worth $1,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Compass Ion Advisors LLC boosted its position in McDonald’s by 76.7% during the third quarter. Compass Ion Advisors LLC now owns 1,596 shares of the fast-food giant’s stock valued at $421,000 after purchasing an additional 693 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in McDonald’s by 14.1% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,697 shares of the fast-food giant’s stock worth $3,345,000 after buying an additional 1,568 shares during the last quarter. SageView Advisory Group LLC increased its position in McDonald’s by 1.1% during the 3rd quarter. SageView Advisory Group LLC now owns 12,585 shares of the fast-food giant’s stock valued at $3,315,000 after buying an additional 142 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in McDonald’s by 211.6% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 99,394 shares of the fast-food giant’s stock valued at $26,179,000 after buying an additional 67,494 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of McDonald’s by 17.4% during the third quarter. Larson Financial Group LLC now owns 7,167 shares of the fast-food giant’s stock worth $1,888,000 after acquiring an additional 1,060 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. TD Cowen reissued a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Monday. JPMorgan Chase & Co. reduced their price objective on McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Wedbush dropped their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, BMO Capital Markets cut their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $317.74.

McDonald’s Stock Down 0.7 %

MCD stock traded down $2.00 during midday trading on Tuesday, hitting $265.87. The company’s stock had a trading volume of 2,263,878 shares, compared to its average volume of 3,280,466. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The firm has a 50-day simple moving average of $274.60 and a 200-day simple moving average of $283.66. The firm has a market capitalization of $191.61 billion, a P/E ratio of 22.74, a PEG ratio of 3.04 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the prior year, the firm posted $2.63 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts expect that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold 2,997 shares of company stock valued at $836,300 over the last quarter. 0.23% of the stock is owned by insiders.

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.