Janney Capital Management LLC Sells 1,643 Shares of McDonald’s Co. (NYSE:MCD)

Janney Capital Management LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 67,279 shares of the fast-food giant’s stock after selling 1,643 shares during the period. McDonald’s comprises approximately 1.3% of Janney Capital Management LLC’s portfolio, making the stock its 14th biggest position. Janney Capital Management LLC’s holdings in McDonald’s were worth $19,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Magnus Financial Group LLC grew its holdings in shares of McDonald’s by 7.6% in the fourth quarter. Magnus Financial Group LLC now owns 5,353 shares of the fast-food giant’s stock valued at $1,552,000 after acquiring an additional 377 shares in the last quarter. Finley Financial LLC bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $102,000. Eagle Wealth Strategies LLC grew its stake in McDonald’s by 3.5% in the 4th quarter. Eagle Wealth Strategies LLC now owns 1,469 shares of the fast-food giant’s stock valued at $426,000 after purchasing an additional 49 shares during the period. Advisory Alpha LLC increased its position in shares of McDonald’s by 10.3% during the 4th quarter. Advisory Alpha LLC now owns 4,147 shares of the fast-food giant’s stock valued at $1,202,000 after purchasing an additional 388 shares during the last quarter. Finally, West Branch Capital LLC increased its position in shares of McDonald’s by 13.2% during the 4th quarter. West Branch Capital LLC now owns 9,958 shares of the fast-food giant’s stock valued at $2,887,000 after purchasing an additional 1,163 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Barclays raised their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Bank of America raised their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Ten investment 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 has a consensus rating of “Moderate Buy” and an average price target of $321.22.

McDonald’s Stock Performance

NYSE MCD opened at $282.37 on Wednesday. The company has a fifty day moving average of $291.81 and a 200-day moving average of $287.95. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market capitalization of $202.35 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.65 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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 firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 earnings per share. As a group, analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’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 value of $989,121.35. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 8,605 shares of company stock valued at $2,508,102 over the last three months. Insiders own 0.23% of the company’s stock.

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.