Snowden Capital Advisors LLC Sells 89 Shares of McDonald’s Co. (NYSE:MCD)

Snowden Capital Advisors LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 0.2% in the fourth quarter, HoldingsChannel reports. The fund owned 39,329 shares of the fast-food giant’s stock after selling 89 shares during the quarter. Snowden Capital Advisors LLC’s holdings in McDonald’s were worth $11,401,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MCD. Atala Financial Inc purchased a new position in McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $29,000. Fairway Wealth LLC raised its position in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald’s during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America lifted their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Truist Financial set a $350.00 price target on shares of McDonald’s in a research report on Friday, May 2nd. Barclays upped their price objective on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Morgan Stanley decreased their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Trading Up 2.1%

NYSE MCD opened at $314.04 on Friday. The stock has a market capitalization of $224.56 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The business’s 50 day moving average is $309.80 and its two-hundred day moving average is $300.47.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.70 earnings per share. Equities analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the sale, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,636 shares of company stock valued at $5,420,722 over the last quarter. Company insiders own 0.25% of the company’s stock.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.