Claro Advisors LLC Reduces Position in McDonald’s Co. (NYSE:MCD)

Claro Advisors LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,527 shares of the fast-food giant’s stock after selling 1,093 shares during the quarter. Claro Advisors LLC’s holdings in McDonald’s were worth $3,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. American Century Companies Inc. lifted its position in shares of McDonald’s by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock worth $12,281,000 after purchasing an additional 915 shares during the period. Parallel Advisors LLC boosted its position in McDonald’s by 1.8% during the 2nd quarter. Parallel Advisors LLC now owns 14,492 shares of the fast-food giant’s stock valued at $3,693,000 after acquiring an additional 250 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in shares of McDonald’s by 1.5% during the 2nd quarter. Wealthspire Advisors LLC now owns 15,318 shares of the fast-food giant’s stock worth $3,904,000 after acquiring an additional 219 shares during the period. Envestnet Asset Management Inc. raised its position in shares of McDonald’s by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,174,717 shares of the fast-food giant’s stock worth $299,365,000 after acquiring an additional 26,571 shares in the last quarter. Finally, Pinion Investment Advisors LLC lifted its stake in shares of McDonald’s by 6.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 4,640 shares of the fast-food giant’s stock valued at $1,182,000 after purchasing an additional 295 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. BMO Capital Markets upped their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. UBS Group upped their price objective 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. Finally, The Goldman Sachs Group lifted their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $321.39.

McDonald’s Stock Performance

Shares of NYSE:MCD traded up $1.61 on Monday, reaching $283.92. The company’s stock had a trading volume of 1,631,667 shares, compared to its average volume of 2,833,083. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a 50-day simple moving average of $293.94 and a 200 day simple moving average of $286.47. The company has a market cap of $203.46 billion, a P/E ratio of 24.93, a PEG ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The business 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. On average, equities research analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

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.