Mcdonald’s Corp (MCD) Shares Sold by Kistler Tiffany Companies LLC

Kistler Tiffany Companies LLC lessened its stake in Mcdonald’s Corp (NYSE:MCD) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,078 shares of the fast-food giant’s stock after selling 154 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Mcdonald’s were worth $547,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MCD. Highwater Wealth Management LLC purchased a new stake in Mcdonald’s during the fourth quarter valued at $38,000. Tower View Investment Management & Research LLC raised its stake in Mcdonald’s by 20.6% during the fourth quarter. Tower View Investment Management & Research LLC now owns 375 shares of the fast-food giant’s stock valued at $67,000 after purchasing an additional 64 shares in the last quarter. NuWave Investment Management LLC raised its stake in Mcdonald’s by 2,485.2% during the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 671 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Mcdonald’s during the third quarter valued at $122,000. Finally, Sound Income Strategies LLC raised its stake in Mcdonald’s by 69.2% during the third quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock valued at $124,000 after purchasing an additional 304 shares in the last quarter. 67.16% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Stephen Easterbrook sold 201,123 shares of the firm’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total value of $35,323,232.49. Following the sale, the chief executive officer now directly owns 48,925 shares in the company, valued at approximately $8,592,697.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Francesca A. Debiase sold 15,136 shares of the firm’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $176.17, for a total transaction of $2,666,509.12. Following the completion of the sale, the executive vice president now owns 17,306 shares in the company, valued at $3,048,798.02. The disclosure for this sale can be found here. Insiders sold a total of 221,041 shares of company stock worth $38,839,407 over the last 90 days. Company insiders own 0.22% of the company’s stock.

A number of research firms recently issued reports on MCD. Wells Fargo & Co upped their price target on shares of Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a research note on Friday. Zacks Investment Research downgraded shares of Mcdonald’s from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Jefferies Financial Group reissued a “buy” rating and issued a $200.00 target price on shares of Mcdonald’s in a research note on Tuesday, December 4th. Morgan Stanley raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $173.00 to $210.00 in a research note on Thursday, November 29th. Finally, Piper Jaffray Companies increased their target price on shares of Mcdonald’s to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, November 28th. Seven analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $191.76.

Mcdonald’s stock traded down $1.12 during midday trading on Monday, hitting $181.25. 63,404 shares of the company’s stock were exchanged, compared to its average volume of 2,905,592. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $190.88. The stock has a market cap of $138.99 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.48 and a beta of 0.59.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the business earned $1.76 EPS. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Research analysts predict that Mcdonald’s Corp will post 7.76 earnings per share for the current year.

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Mcdonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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