Portside Wealth Group LLC Has $1.73 Million Stake in McDonald’s Co. (NYSE:MCD)

Portside Wealth Group LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,683 shares of the fast-food giant’s stock after selling 51 shares during the period. Portside Wealth Group LLC’s holdings in McDonald’s were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MCD. Riversedge Advisors LLC raised its stake in shares of McDonald’s by 5.2% in the fourth quarter. Riversedge Advisors LLC now owns 1,773 shares of the fast-food giant’s stock worth $514,000 after acquiring an additional 87 shares during the last quarter. Astoria Portfolio Advisors LLC. raised its position in McDonald’s by 19.9% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 4,366 shares of the fast-food giant’s stock worth $1,229,000 after purchasing an additional 726 shares during the last quarter. HB Wealth Management LLC lifted its holdings in McDonald’s by 6.4% during the 4th quarter. HB Wealth Management LLC now owns 62,952 shares of the fast-food giant’s stock worth $18,249,000 after buying an additional 3,795 shares in the last quarter. Financial & Tax Architects LLC boosted its position in McDonald’s by 3.9% in the 4th quarter. Financial & Tax Architects LLC now owns 22,982 shares of the fast-food giant’s stock valued at $6,662,000 after buying an additional 856 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of McDonald’s by 3.1% in the 4th quarter. Trust Co. of Vermont now owns 49,222 shares of the fast-food giant’s stock valued at $14,269,000 after buying an additional 1,461 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related 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 transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is owned by corporate insiders.

McDonald’s Price Performance

McDonald’s stock opened at $280.90 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm has a market capitalization of $201.30 billion, a PE ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. The company’s 50-day moving average is $292.54 and its 200-day moving average is $286.97.

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. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts expect that McDonald’s Co. will post 11.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Barclays boosted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted 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. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

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.