McDonald’s Co. (NYSE:MCD) Shares Sold by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,060 shares of the fast-food giant’s stock after selling 80 shares during the quarter. Catalyst Financial Partners LLC’s holdings in McDonald’s were worth $907,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new position in McDonald’s during the fourth quarter worth about $31,000. Blue Bell Private Wealth Management LLC grew its position in McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of McDonald’s in the third quarter valued at $33,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s during the 4th quarter valued at $39,000. Finally, Bear Mountain Capital Inc. bought a new stake in shares of McDonald’s during the 4th quarter worth $43,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD traded down $0.54 on Thursday, hitting $267.95. The company had a trading volume of 3,134,225 shares, compared to its average volume of 3,307,425. The stock has a market cap of $193.19 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. The company’s fifty day moving average price is $277.90 and its 200 day moving average price is $282.80. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the firm posted $2.63 earnings per share. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald’s Co. will post 12.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MCD shares. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Bank of America lifted their target price on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. BMO Capital Markets lowered their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, Argus restated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

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.