Cambridge Investment Research Advisors Inc. Reduces Stock Position in McDonald's Co. (NYSE:MCD)

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,192 shares of the fast-food giant's stock after selling 5,215 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in McDonald's were worth $52,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. CWA Asset Management Group LLC grew its stake in shares of McDonald's by 15.1% in the 4th quarter. CWA Asset Management Group LLC now owns 12,723 shares of the fast-food giant's stock valued at $3,688,000 after buying an additional 1,672 shares during the period. Boltwood Capital Management grew its position in shares of McDonald's by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after acquiring an additional 35 shares during the last quarter. Doliver Advisors LP increased its holdings in shares of McDonald's by 4.2% in the fourth quarter. Doliver Advisors LP now owns 4,456 shares of the fast-food giant's stock valued at $1,292,000 after purchasing an additional 180 shares during the period. Advance Capital Management Inc. raised its stake in shares of McDonald's by 1.3% during the 4th quarter. Advance Capital Management Inc. now owns 3,077 shares of the fast-food giant's stock worth $892,000 after buying an additional 39 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida lifted its position in shares of McDonald's by 12.4% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 1,811 shares of the fast-food giant's stock valued at $525,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This represents a 7.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,136 shares of company stock valued at $8,676,247 over the last three months. 0.25% of the stock is owned by corporate insiders.

McDonald's Stock Performance

McDonald's stock traded up $0.26 during trading on Friday, reaching $313.75. The company had a trading volume of 1,917,256 shares, compared to its average volume of 3,562,227. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm's 50-day simple moving average is $310.10 and its 200 day simple moving average is $300.11. The firm has a market capitalization of $224.35 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the company posted $2.70 EPS. McDonald's's revenue was down 3.5% compared to the same quarter last year. Analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Bank of America raised their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. KeyCorp increased their price target on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, TD Securities reiterated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's has a consensus rating of "Moderate Buy" and an average price target of $325.91.

McDonald's Profile

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.