KRS Capital Management LLC Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

KRS Capital Management LLC lessened its holdings in McDonald’s Co. (NYSE:MCD) by 15.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,208 shares of the fast-food giant’s stock after selling 409 shares during the period. KRS Capital Management LLC’s holdings in McDonald’s were worth $640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kennebec Savings Bank bought a new stake in McDonald’s during the 3rd quarter valued at $1,394,000. Charles Schwab Investment Management Inc. boosted its position in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after purchasing an additional 51,210 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after buying an additional 2,997 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $16,870,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly 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 is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,704 shares of company stock valued at $2,829,428. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $280.90 on Friday. The company has a market capitalization of $201.30 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. The company’s fifty day moving average price is $292.54 and its 200 day moving average price is $286.97. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results 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. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the company posted $3.19 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts expect that McDonald’s Co. will post 11.73 EPS for the current year.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their target price for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Evercore ISI upped their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Barclays increased their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $321.39.

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.