Everence Capital Management Inc. Decreases Holdings in McDonald’s Co. (NYSE:MCD)

Everence Capital Management Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,127 shares of the fast-food giant’s stock after selling 2,260 shares during the quarter. Everence Capital Management Inc.’s holdings in McDonald’s were worth $4,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the third quarter valued at about $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s in the third quarter worth about $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $58,000. Finally, FSA Wealth Management LLC purchased a new stake in McDonald’s during the 3rd quarter valued at about $72,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 10,551 shares of company stock worth $3,120,554 over the last quarter. 0.23% of the stock is currently owned by insiders.

McDonald’s Price Performance

MCD stock traded up $0.98 during trading on Friday, hitting $293.49. 652,195 shares of the stock traded hands, compared to its average volume of 1,834,661. The stock has a market cap of $210.32 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. 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 $294.57 and its two-hundred day moving average is $284.66.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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 company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 earnings per share. As a group, analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on MCD. Wedbush reiterated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Finally, Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Twelve research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.65.

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.