Alpha Omega Wealth Management LLC Decreases Holdings in McDonald’s Co. (NYSE:MCD)

Alpha Omega Wealth Management LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,262 shares of the fast-food giant’s stock after selling 79 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in McDonald’s were worth $3,844,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter worth about $31,000. Hara Capital LLC purchased a new position in McDonald’s during the third quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s in the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC bought a new position in McDonald’s in the 3rd quarter valued at $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $288.83 on Friday. The stock has a market capitalization of $206.98 billion, a P/E ratio of 25.36, a P/E/G ratio of 3.85 and a beta of 0.73. The business has a fifty day moving average price of $291.12 and a 200-day moving average price of $289.51. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for 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 revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 earnings per share. As a group, analysts anticipate that McDonald’s Co. will post 11.68 earnings per share for the current year.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 in the last ninety days. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted 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. UBS Group increased their price target 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. Morgan Stanley cut their target price on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. KeyCorp lowered their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Bank of America increased their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.87.

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.