Powers Advisory Group LLC Sells 79 Shares of McDonald’s Co. (NYSE:MCD)

Powers Advisory Group LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,324 shares of the fast-food giant’s stock after selling 79 shares during the quarter. McDonald’s comprises 0.9% of Powers Advisory Group LLC’s portfolio, making the stock its 20th largest holding. Powers Advisory Group LLC’s holdings in McDonald’s were worth $1,833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. grew its stake in shares of McDonald’s by 2.4% in the third quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock valued at $433,000 after acquiring an additional 33 shares in the last quarter. Riversedge Advisors LLC boosted its holdings in McDonald’s by 2.0% in the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock valued at $513,000 after purchasing an additional 33 shares during the period. Proquility Private Wealth Partners LLC grew its position in shares of McDonald’s by 1.0% during the 3rd quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock worth $1,057,000 after purchasing an additional 35 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after purchasing an additional 35 shares during the period. Finally, GDS Wealth Management raised its position in shares of McDonald’s by 1.4% in the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after buying an additional 35 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCD. Barclays raised their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Citigroup increased their price target on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research report on Tuesday. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

McDonald’s Stock Up 0.0 %

Shares of MCD stock opened at $290.19 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a 50 day moving average of $291.11 and a 200-day moving average of $289.24. The company has a market cap of $207.96 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm 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 business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 earnings per share. Analysts anticipate that McDonald’s Co. will post 11.68 earnings per share for the current year.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated 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 directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 in the last three months. Company 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.