Westend Capital Management LLC Has $92,000 Position in McDonald’s Co. (NYSE:MCD)

Westend Capital Management LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 12.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 318 shares of the fast-food giant’s stock after selling 47 shares during the quarter. Westend Capital Management LLC’s holdings in McDonald’s were worth $92,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MCD. Premier Path Wealth Partners LLC lifted its stake in McDonald’s by 6.2% in the fourth quarter. Premier Path Wealth Partners LLC now owns 5,142 shares of the fast-food giant’s stock valued at $1,491,000 after buying an additional 300 shares in the last quarter. Sanibel Captiva Trust Company Inc. raised its holdings in shares of McDonald’s by 4.9% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 29,612 shares of the fast-food giant’s stock worth $8,584,000 after acquiring an additional 1,373 shares during the period. Verity & Verity LLC bought a new stake in McDonald’s in the 4th quarter valued at $1,166,000. Integrated Investment Consultants LLC boosted its stake in McDonald’s by 29.5% in the 4th quarter. Integrated Investment Consultants LLC now owns 21,975 shares of the fast-food giant’s stock worth $6,370,000 after purchasing an additional 5,005 shares during the period. Finally, Spring Capital Management LLC increased its holdings in McDonald’s by 4.0% during the 4th quarter. Spring Capital Management LLC now owns 18,765 shares of the fast-food giant’s stock worth $5,440,000 after purchasing an additional 720 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 transaction, the insider now directly owns 10,385 shares of the company’s stock, valued at $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 valued at $2,829,428 over the last 90 days. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of MCD opened at $280.90 on Friday. The stock has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a fifty day moving average of $292.90 and a 200-day moving average of $286.75.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm posted $3.19 earnings per share. The firm’s 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 EPS for the current year.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price objective 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. KeyCorp raised their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Evercore ISI upped their target price on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Morgan Stanley lifted their price target on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Barclays upped their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $321.39.

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.