Rise Advisors LLC Has $530,000 Stake in McDonald’s Co. (NYSE:MCD)

Rise Advisors LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 9.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,829 shares of the fast-food giant’s stock after selling 194 shares during the period. Rise Advisors LLC’s holdings in McDonald’s were worth $530,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Kennebec Savings Bank bought a new position in McDonald’s during the third quarter worth $1,394,000. Charles Schwab Investment Management Inc. boosted its position in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in McDonald’s by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after buying an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after buying an additional 2,997 shares during the period. Finally, Weiss Asset Management LP bought a new position in McDonald’s in the third quarter worth approximately $16,870,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.8 %

Shares of MCD traded down $2.29 during mid-day trading on Tuesday, hitting $289.89. The stock had a trading volume of 1,349,361 shares, compared to its average volume of 2,371,385. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company’s fifty day simple moving average is $294.52 and its two-hundred day simple moving average is $285.69. The company has a market cap of $207.74 billion, a PE ratio of 25.45, a PEG ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.19 earnings per share. Equities analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,050 shares of company stock worth $3,556,688 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research reports. BMO Capital Markets upped their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup increased their price objective on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Bank of America upped their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $320.65.

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.