McDonald’s Co. (NYSE:MCD) Shares Sold by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 18.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,196 shares of the fast-food giant’s stock after selling 1,198 shares during the period. McDonald’s accounts for about 0.7% of Trueblood Wealth Management LLC’s portfolio, making the stock its 29th largest position. Trueblood Wealth Management LLC’s holdings in McDonald’s were worth $1,506,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Diversify Wealth Management LLC lifted its stake in shares of McDonald’s by 80.9% during the 4th quarter. Diversify Wealth Management LLC now owns 12,145 shares of the fast-food giant’s stock worth $3,429,000 after purchasing an additional 5,430 shares during the period. Ellsworth Advisors LLC lifted its stake in shares of McDonald’s by 2.8% during the 4th quarter. Ellsworth Advisors LLC now owns 20,013 shares of the fast-food giant’s stock worth $5,802,000 after purchasing an additional 549 shares during the period. Cambridge Advisors Inc. lifted its stake in shares of McDonald’s by 11.7% during the 4th quarter. Cambridge Advisors Inc. now owns 908 shares of the fast-food giant’s stock worth $263,000 after purchasing an additional 95 shares during the period. Liberty One Investment Management LLC lifted its stake in shares of McDonald’s by 0.9% during the 4th quarter. Liberty One Investment Management LLC now owns 104,315 shares of the fast-food giant’s stock worth $30,240,000 after purchasing an additional 973 shares during the period. Finally, Cadinha & Co. LLC lifted its stake in shares of McDonald’s by 75.4% during the 4th quarter. Cadinha & Co. LLC now owns 90,297 shares of the fast-food giant’s stock worth $26,176,000 after purchasing an additional 38,805 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MCD shares. KeyCorp increased their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Robert W. Baird lowered 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. Wedbush reaffirmed an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Bank of America increased their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $280.90 on Monday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. The stock’s 50-day simple moving average is $292.54 and its 200-day simple moving average is $287.24.

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

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.