CKW Financial Group Sells 225 Shares of McDonald’s Co. (NYSE:MCD)

CKW Financial Group decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,540 shares of the fast-food giant’s stock after selling 225 shares during the period. McDonald’s accounts for 4.8% of CKW Financial Group’s portfolio, making the stock its 4th largest position. CKW Financial Group’s holdings in McDonald’s were worth $39,292,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after purchasing an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after buying an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in McDonald’s during the 3rd quarter worth approximately $121,254,000. Zurich Insurance Group Ltd FI boosted its holdings in McDonald’s by 3,580.1% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after acquiring an additional 261,350 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of McDonald’s during the fourth quarter valued at approximately $64,805,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Finally, Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $320.78.

McDonald’s Price Performance

Shares of MCD opened at $285.37 on Monday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a fifty day moving average price of $291.07 and a 200 day moving average price of $288.70. The company has a market cap of $204.50 billion, a P/E ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 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 analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.19 earnings per share. As a group, research analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 value 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 approximately $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,905 shares of company stock worth $2,592,327. Insiders own 0.23% of the company’s stock.

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.