L.M. Kohn & Company Has $688,000 Stock Position in McDonald’s Corporation $MCD

L.M. Kohn & Company cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 54.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,263 shares of the fast-food giant’s stock after selling 2,733 shares during the quarter. L.M. Kohn & Company’s holdings in McDonald’s were worth $688,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MCD. WD Rutherford LLC raised its holdings in McDonald’s by 1.0% in the 3rd quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock valued at $991,000 after buying an additional 33 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in McDonald’s by 1.4% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock valued at $736,000 after acquiring an additional 34 shares during the period. Symmetry Partners LLC raised its stake in shares of McDonald’s by 2.0% during the third quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock valued at $538,000 after acquiring an additional 34 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its holdings in shares of McDonald’s by 0.3% during the third quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock worth $3,352,000 after purchasing an additional 34 shares during the period. Finally, Sunbeam Capital Management LLC lifted its holdings in shares of McDonald’s by 3.2% during the second quarter. Sunbeam Capital Management LLC now owns 1,112 shares of the fast-food giant’s stock worth $325,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.2%

MCD opened at $314.86 on Friday. The company has a fifty day moving average price of $309.76 and a two-hundred day moving average price of $306.41. McDonald’s Corporation has a 1-year low of $283.47 and a 1-year high of $326.32. The company has a market cap of $224.23 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 3.19 and a beta of 0.53.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MCD. TD Cowen restated a “hold” rating on shares of McDonald’s in a report on Thursday, January 8th. Guggenheim raised their price objective on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Wells Fargo & Company increased their target price on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Truist Financial raised their price target on shares of McDonald’s from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $328.88.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,486 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total value of $795,520.00. Following the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. This trade represents a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This represents a 74.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 45,142 shares of company stock valued at $13,841,169 over the last ninety days. Company insiders own 0.25% of the company’s stock.

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.