McDonald’s Co. (NYSE:MCD) Shares Sold by Oak Family Advisors LLC

Oak Family Advisors LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCDFree Report) by 13.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 751 shares of the fast-food giant’s stock after selling 120 shares during the quarter. Oak Family Advisors LLC’s holdings in McDonald’s were worth $212,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cozad Asset Management Inc. grew its stake in shares of McDonald’s by 7.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 9,337 shares of the fast-food giant’s stock valued at $2,460,000 after buying an additional 683 shares during the period. Whitener Capital Management Inc. boosted its holdings in McDonald’s by 6.4% in the third quarter. Whitener Capital Management Inc. now owns 20,966 shares of the fast-food giant’s stock valued at $5,523,000 after acquiring an additional 1,253 shares during the last quarter. Lwmg LLC grew its position in McDonald’s by 3.6% during the third quarter. Lwmg LLC now owns 1,648 shares of the fast-food giant’s stock valued at $434,000 after acquiring an additional 58 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of McDonald’s by 8.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,342 shares of the fast-food giant’s stock worth $4,042,000 after purchasing an additional 1,153 shares during the period. Finally, CNB Bank grew its holdings in shares of McDonald’s by 6.7% during the 3rd quarter. CNB Bank now owns 8,546 shares of the fast-food giant’s stock worth $2,251,000 after purchasing an additional 535 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,997 shares of company stock valued at $836,300. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD traded down $2.00 during trading hours on Tuesday, hitting $265.87. 2,270,548 shares of the company’s stock were exchanged, compared to its average volume of 3,289,320. The stock has a market capitalization of $191.61 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 3.04 and a beta of 0.71. The company’s 50-day moving average price is $274.03 and its 200-day moving average price is $283.65. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.63 earnings per share. On average, research analysts expect that McDonald’s Co. will post 12.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group decreased their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Citigroup lowered their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Morgan Stanley cut their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $317.74.

Check Out Our Latest Analysis on MCD

About McDonald’s

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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