Westend Capital Management LLC Has $92,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Westend Capital Management LLC decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 318 shares of the fast-food giant’s stock after selling 47 shares during the quarter. Westend Capital Management LLC’s holdings in McDonald’s were worth $92,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MCD. Geode Capital Management LLC boosted its holdings in McDonald’s by 1.4% in the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after purchasing an additional 220,365 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of McDonald’s by 0.9% in the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after buying an additional 128,800 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of McDonald’s by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock worth $1,567,030,000 after acquiring an additional 188,888 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of McDonald’s by 8.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after acquiring an additional 354,196 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and raised their price target for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. Wells Fargo & Company upped their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the business’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 owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock worth $2,829,428 in the last three months. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.4 %

Shares of NYSE MCD opened at $280.90 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm’s 50-day moving average is $292.90 and its 200-day moving average is $286.75. The firm has a market capitalization of $201.30 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $3.19 earnings per share. As a group, equities research analysts anticipate 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.