Atlas Private Wealth Advisors Decreases Stock Holdings in McDonald’s Corporation $MCD

Atlas Private Wealth Advisors trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 63.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,357 shares of the fast-food giant’s stock after selling 2,319 shares during the quarter. Atlas Private Wealth Advisors’ holdings in McDonald’s were worth $412,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC lifted its stake in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 52 shares during the period. Sivia Capital Partners LLC boosted its holdings in McDonald’s by 11.4% in the second quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant’s stock valued at $589,000 after acquiring an additional 206 shares in the last quarter. B.O.S.S. Retirement Advisors LLC increased its position in McDonald’s by 15.1% during the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 786 shares of the fast-food giant’s stock valued at $230,000 after purchasing an additional 103 shares during the period. Finally, Pure Financial Advisors LLC raised its holdings in McDonald’s by 80.3% in the 2nd quarter. Pure Financial Advisors LLC now owns 7,801 shares of the fast-food giant’s stock worth $2,279,000 after purchasing an additional 3,475 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 0.2%

McDonald’s stock opened at $314.86 on Friday. McDonald’s Corporation has a twelve month low of $283.47 and a twelve month high of $326.32. The company has a market capitalization of $224.23 billion, a P/E ratio of 26.87, a PEG ratio of 3.19 and a beta of 0.53. The stock’s 50 day moving average is $309.76 and its 200 day moving average is $306.41.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the previous year, the firm posted $3.23 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,486 shares of McDonald’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total value of $795,520.00. Following the completion of the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. This represents a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 45,142 shares of company stock worth $13,841,169. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MCD has been the topic of a number of research reports. Guggenheim lifted their target price on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Barclays lifted their price objective on McDonald’s from $358.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Robert W. Baird increased their target price on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Piper Sandler restated a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein reaffirmed an “overweight” rating and issued a $372.00 price target on shares of McDonald’s in a research note on Wednesday, January 7th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and an average price target of $328.88.

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.