Atlas Private Wealth Advisors Sells 2,319 Shares of McDonald’s Corporation $MCD

Atlas Private Wealth Advisors lowered its position in McDonald’s Corporation (NYSE:MCD) by 63.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,357 shares of the fast-food giant’s stock after selling 2,319 shares during the quarter. Atlas Private Wealth Advisors’ holdings in McDonald’s were worth $412,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the second quarter valued at approximately $25,000. Decker Retirement Planning Inc. boosted its holdings in McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Evergreen Private Wealth LLC grew its position in shares of McDonald’s by 162.5% during the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after purchasing an additional 52 shares in the last quarter. GFG Capital LLC bought a new position in shares of McDonald’s in the second quarter worth $29,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of McDonald’s in the second quarter worth $29,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

MCD stock opened at $314.86 on Friday. The company has a market capitalization of $224.23 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.19 and a beta of 0.53. McDonald’s Corporation has a one year low of $283.47 and a one year high of $326.32. The company’s 50 day moving average price is $309.76 and its two-hundred day moving average price is $306.41.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. McDonald’s’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.23 EPS. On average, research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 2,486 shares of McDonald’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total value of $795,520.00. Following the transaction, the executive vice president owned 6,268 shares in the company, valued at approximately $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. This trade represents a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,142 shares of company stock valued at $13,841,169 over the last three months. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCD. Citigroup reduced their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Guggenheim upped their price objective on shares of McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Royal Bank Of Canada started coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price target for the company. Finally, TD Cowen restated a “hold” rating on shares of McDonald’s in a research report on Thursday, January 8th. Thirteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $328.88.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.