McDonald’s Co. (NYSE:MCD) Shares Sold by Westhampton Capital LLC

Westhampton Capital LLC decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,238 shares of the fast-food giant’s stock after selling 200 shares during the quarter. Westhampton Capital LLC’s holdings in McDonald’s were worth $1,808,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MCD. Kennebec Savings Bank bought a new position in McDonald’s during the 3rd quarter worth $1,394,000. Charles Schwab Investment Management Inc. grew its position in shares of 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 worth $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in McDonald’s by 6.5% in the 3rd 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 purchasing an additional 2,997 shares during the last quarter. PFW Advisors LLC acquired a new position in McDonald’s during the 4th quarter valued at about $2,471,000. Finally, Weiss Asset Management LP bought a new position in McDonald’s in the 3rd quarter worth about $16,870,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $290.41 on Thursday. The company has a market capitalization of $208.11 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 3.66 and a beta of 0.73. The business’s 50-day moving average is $291.12 and its 200-day moving average is $289.23. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two 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, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business posted $3.19 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. KeyCorp reduced their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Morgan Stanley decreased their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. 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 report on Wednesday, October 30th. Finally, Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $320.87.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s 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 transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % 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 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

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.