McDonald’s Co. (NYSE:MCD) Position Cut by Cora Capital Advisors LLC

Cora Capital Advisors LLC lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 966 shares of the fast-food giant’s stock after selling 56 shares during the period. Cora Capital Advisors LLC’s holdings in McDonald’s were worth $280,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the third quarter valued at $58,000. Finally, FSA Wealth Management LLC bought a new position in McDonald’s during the third quarter valued at about $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, 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 sold 8,905 shares of company stock worth $2,592,327 over the last ninety days. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on MCD. BMO Capital Markets boosted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. UBS Group raised their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $320.78.

McDonald’s Trading Up 0.3 %

MCD opened at $285.37 on Friday. The stock has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a fifty day moving average price of $291.07 and a 200 day moving average price of $288.14.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $3.19 EPS. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

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.