McDonald’s Co. (NYSE:MCD) Position Reduced by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its stake in McDonald’s Co. (NYSE:MCD) by 99.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,696 shares of the fast-food giant’s stock after selling 2,311,446 shares during the period. International Assets Investment Management LLC’s holdings in McDonald’s were worth $2,251,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on MCD. Wells Fargo & Company raised their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. TD Cowen reissued a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. KeyCorp lifted their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $320.65.

McDonald’s Price Performance

NYSE MCD opened at $286.79 on Thursday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market capitalization of $205.52 billion, a P/E ratio of 25.18, a PEG ratio of 3.95 and a beta of 0.73. The company’s 50 day simple moving average is $294.31 and its 200 day simple moving average is $285.91.

McDonald’s (NYSE:MCD) last posted 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 company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.19 earnings per share. On average, analysts anticipate that McDonald’s Co. will post 11.75 earnings per share for the current year.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,050 shares of company stock valued at $3,556,688 over the last three months. Insiders own 0.23% of the company’s stock.

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.