Daymark Wealth Partners LLC Lowers Stock Position in McDonald’s Co. (NYSE:MCD)

Daymark Wealth Partners LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 1.3% in the 4th quarter, HoldingsChannel reports. The fund owned 135,217 shares of the fast-food giant’s stock after selling 1,726 shares during the quarter. McDonald’s makes up about 1.3% of Daymark Wealth Partners LLC’s holdings, making the stock its 19th largest holding. Daymark Wealth Partners LLC’s holdings in McDonald’s were worth $39,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Finley Financial LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at $102,000. Eagle Wealth Strategies LLC increased its stake in McDonald’s by 3.5% in the 4th quarter. Eagle Wealth Strategies LLC now owns 1,469 shares of the fast-food giant’s stock worth $426,000 after buying an additional 49 shares in the last quarter. Advisory Alpha LLC raised its holdings in McDonald’s by 10.3% during the fourth quarter. Advisory Alpha LLC now owns 4,147 shares of the fast-food giant’s stock valued at $1,202,000 after acquiring an additional 388 shares during the period. West Branch Capital LLC lifted its position in shares of McDonald’s by 13.2% in the fourth quarter. West Branch Capital LLC now owns 9,958 shares of the fast-food giant’s stock valued at $2,887,000 after acquiring an additional 1,163 shares in the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of McDonald’s by 4.3% in the fourth quarter. Dakota Wealth Management now owns 37,430 shares of the fast-food giant’s stock worth $10,851,000 after acquiring an additional 1,532 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,605 shares of company stock worth $2,508,102 over the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.7 %

Shares of NYSE:MCD opened at $282.85 on Wednesday. The business’s 50 day moving average is $291.81 and its 200 day moving average is $287.95. The stock has a market cap of $202.69 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last issued 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 company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the business earned $3.19 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MCD shares. Robert W. Baird cut 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. KeyCorp raised their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Bank of America boosted their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Finally, BMO Capital Markets increased their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $321.22.

McDonald’s 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.