McDonald’s Corporation $MCD Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,067 shares of the fast-food giant’s stock after selling 2,363 shares during the quarter. Independent Advisor Alliance’s holdings in McDonald’s were worth $17,950,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Fourth Dimension Wealth LLC raised its position in shares of McDonald’s by 40.5% in the third quarter. Fourth Dimension Wealth LLC now owns 2,774 shares of the fast-food giant’s stock valued at $843,000 after buying an additional 800 shares during the last quarter. Trinity Legacy Partners LLC grew its stake in McDonald’s by 1.6% during the 3rd quarter. Trinity Legacy Partners LLC now owns 8,397 shares of the fast-food giant’s stock valued at $2,506,000 after acquiring an additional 133 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in McDonald’s by 9.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 13,752 shares of the fast-food giant’s stock valued at $4,179,000 after acquiring an additional 1,244 shares during the last quarter. Tyche Wealth Partners LLC raised its holdings in McDonald’s by 3.4% in the 3rd quarter. Tyche Wealth Partners LLC now owns 10,085 shares of the fast-food giant’s stock valued at $3,065,000 after acquiring an additional 330 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its stake in McDonald’s by 1.3% in the 3rd quarter. Howard Capital Management Inc. now owns 5,525 shares of the fast-food giant’s stock worth $1,679,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 2,626 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $306.58, for a total value of $805,079.08. Following the sale, the insider owned 5,398 shares of the company’s stock, valued at $1,654,918.84. The trade was a 32.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the transaction, the executive vice president owned 4,606 shares in the company, valued at $1,407,133. This trade represents a 58.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,142 shares of company stock valued at $13,841,169 over the last 90 days. Insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.2%

NYSE MCD opened at $314.86 on Friday. The stock has a fifty day simple moving average of $309.76 and a 200-day simple moving average of $306.46. The stock has a market cap of $224.23 billion, a PE ratio of 26.87, a P/E/G ratio of 3.19 and a beta of 0.53. McDonald’s Corporation has a twelve month low of $283.47 and a twelve month high of $326.32.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MCD. Wells Fargo & Company upped their price target on McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Royal Bank Of Canada began coverage on McDonald’s in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective on the stock. Robert W. Baird upped their target price on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 price target on the stock in a report on Tuesday, January 6th. Finally, Piper Sandler reissued a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a research report on Wednesday, October 22nd. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, McDonald’s presently has an average rating of “Hold” and an average target price of $328.88.

About McDonald’s

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.