Avior Wealth Management LLC Sells 2,037 Shares of McDonald’s Co. (NYSE:MCD)

Avior Wealth Management LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,510 shares of the fast-food giant’s stock after selling 2,037 shares during the period. Avior Wealth Management LLC’s holdings in McDonald’s were worth $4,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Raleigh Capital Management Inc. raised its holdings in McDonald’s by 5.2% in the 4th quarter. Raleigh Capital Management Inc. now owns 3,643 shares of the fast-food giant’s stock worth $1,056,000 after purchasing an additional 181 shares in the last quarter. Independent Wealth Network Inc. increased its position in shares of McDonald’s by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock valued at $213,000 after buying an additional 36 shares during the period. Janney Montgomery Scott LLC raised its stake in McDonald’s by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 390,250 shares of the fast-food giant’s stock worth $113,130,000 after buying an additional 8,363 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in McDonald’s by 1.3% in the fourth quarter. GoalVest Advisory LLC now owns 5,285 shares of the fast-food giant’s stock worth $1,532,000 after buying an additional 70 shares during the period. Finally, Phillips Wealth Planners LLC boosted its position in McDonald’s by 5.3% during the 4th quarter. Phillips Wealth Planners LLC now owns 3,526 shares of the fast-food giant’s stock valued at $995,000 after acquiring an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research analyst reports. KeyCorp raised their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Truist Financial dropped their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $321.22.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $281.30 on Thursday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a market capitalization of $201.58 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 3.68 and a beta of 0.73. The stock’s 50-day simple moving average is $291.49 and its two-hundred day simple moving average is $287.90.

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

Insider Transactions at McDonald’s

In other McDonald’s news, 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 transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the 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 sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $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. Insiders sold 8,605 shares of company stock worth $2,508,102 in the last three months. Corporate 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.