YHB Investment Advisors Inc. Sells 5,404 Shares of McDonald’s Co. (NYSE:MCD)

YHB Investment Advisors Inc. reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 15.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,047 shares of the fast-food giant’s stock after selling 5,404 shares during the period. YHB Investment Advisors Inc.’s holdings in McDonald’s were worth $8,421,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MCD. Kennebec Savings Bank acquired a new position in shares of McDonald’s in the 3rd quarter valued at approximately $1,394,000. Charles Schwab Investment Management Inc. raised 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. U.S. Capital Wealth Advisors LLC lifted its stake in 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 worth $14,978,000 after purchasing an additional 2,997 shares during the last quarter. PFW Advisors LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at $2,471,000. Finally, Weiss Asset Management LP bought a new position in shares of McDonald’s in the 3rd quarter valued at $16,870,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $293.16 on Tuesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The business’s 50-day moving average is $291.07 and its 200-day moving average is $288.70. The company has a market capitalization of $210.08 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.19 earnings per share. Analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock worth $2,592,327 in the last quarter. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $311.00 to $334.00 in a report on Friday, January 10th. Morgan Stanley dropped their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. KeyCorp decreased their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $320.78.

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.