CMG Global Holdings LLC Sells 200 Shares of McDonald’s Co. (NYSE:MCD)

CMG Global Holdings LLC cut its position in McDonald’s Co. (NYSE:MCD) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,387 shares of the fast-food giant’s stock after selling 200 shares during the quarter. CMG Global Holdings LLC’s holdings in McDonald’s were worth $390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MCD. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of McDonald’s by 312.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,370 shares of the fast-food giant’s stock valued at $10,543,000 after purchasing an additional 31,351 shares during the period. Centaurus Financial Inc. grew its stake in McDonald’s by 3.6% in the 2nd quarter. Centaurus Financial Inc. now owns 5,387 shares of the fast-food giant’s stock valued at $1,373,000 after buying an additional 187 shares in the last quarter. Mattson Financial Services LLC bought a new stake in McDonald’s during the 2nd quarter valued at $2,740,000. Jacobs & Co. CA lifted its position in shares of McDonald’s by 5.0% during the third quarter. Jacobs & Co. CA now owns 43,238 shares of the fast-food giant’s stock worth $13,166,000 after acquiring an additional 2,072 shares in the last quarter. Finally, Appleton Partners Inc. MA boosted its holdings in shares of McDonald’s by 9.1% in the third quarter. Appleton Partners Inc. MA now owns 19,241 shares of the fast-food giant’s stock worth $5,859,000 after acquiring an additional 1,603 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.0 %

Shares of NYSE:MCD opened at $290.19 on Friday. The company has a market cap of $207.96 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73. The company has a 50-day moving average price of $291.11 and a 200-day moving average price of $289.24. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.19 EPS. As a group, research analysts forecast that McDonald’s Co. will post 11.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MCD shares. Wedbush reissued an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Citigroup raised their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday. UBS Group upped their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Finally, KeyCorp reduced their price target on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the transaction, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s 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 approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,406 shares of company stock valued at $2,150,857. Company insiders own 0.23% of the company’s stock.

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.