SOL Capital Management CO Decreases Stake in McDonald’s Co. (NYSE:MCD)

SOL Capital Management CO trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 24.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,061 shares of the fast-food giant’s stock after selling 2,000 shares during the period. SOL Capital Management CO’s holdings in McDonald’s were worth $1,757,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the third quarter valued at approximately $31,000. Hara Capital LLC purchased a new position in McDonald’s in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s during the third quarter worth approximately $58,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Citigroup upped their target price on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Truist Financial decreased their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

McDonald’s Trading Down 0.5 %

Shares of MCD opened at $288.83 on Friday. The firm’s 50-day moving average is $291.15 and its two-hundred day moving average is $289.25. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a market capitalization of $206.98 billion, a P/E ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released 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 the consensus estimate 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 last year, the business posted $3.19 EPS. Analysts predict that McDonald’s Co. will post 11.68 EPS for the current year.

About McDonald’s

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.