Aspiriant LLC Has $743,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Aspiriant LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,562 shares of the fast-food giant’s stock after selling 71 shares during the period. Aspiriant LLC’s holdings in McDonald’s were worth $743,000 at the end of the most recent reporting period.

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

McDonald’s Trading Up 0.7 %

McDonald’s stock opened at $282.85 on Wednesday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a market capitalization of $202.69 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73. The firm’s 50 day simple moving average is $292.12 and its 200 day simple moving average is $287.72.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for 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%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.19 earnings per share. Research analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current year.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on 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 sale, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,605 shares of company stock valued at $2,508,102. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MCD shares. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Evercore ISI upped their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. KeyCorp lifted their target price on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $321.22.

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.