Eudaimonia Advisors LLC Sells 107 Shares of McDonald’s Co. (NYSE:MCD)

by · The Cerbat Gem

Eudaimonia Advisors LLC lessened its stake in McDonald’s Co. (NYSE:MCD – Free Report) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,563 shares of the fast-food giant’s stock after selling 107 shares during the period. Eudaimonia Advisors LLC’s holdings in McDonald’s were worth $675,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of McDonald’s by 105,490.7% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 457,071,431 shares of the fast-food giant’s stock valued at $136,394,686,000 after purchasing an additional 456,638,560 shares in the last quarter. State Street Corp boosted its position in shares of McDonald’s by 1.4% during the 2nd quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock valued at $10,169,018,000 after purchasing an additional 485,066 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of McDonald’s by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of McDonald’s by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 14,227,048 shares of the fast-food giant’s stock valued at $4,235,380,000 after purchasing an additional 317,922 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of McDonald’s during the 4th quarter valued at about $2,341,360,000. Institutional investors own 67.60% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 4,583 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,379,960.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 4,583 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,379,960.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $256.61, for a total transaction of $1,151,409.07. Following the completion of the sale, the insider now directly owns 9,534 shares in the company, valued at $2,446,519.74. The disclosure for this sale can be found here. Insiders have sold a total of 13,557 shares of company stock valued at $3,745,656 over the last three months. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MCD shares. Tigress Financial increased their price target on McDonald’s from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Piper Sandler increased their price target on McDonald’s from $273.00 to $299.00 and gave the stock a “neutral” rating in a report on Monday, December 11th. Oppenheimer reiterated an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a report on Friday, December 1st. BTIG Research cut their price target on McDonald’s from $315.00 to $300.00 in a report on Monday, October 2nd. Finally, KeyCorp cut their price target on McDonald’s from $330.00 to $310.00 and set an “overweight” rating on the stock in a report on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.60.

Check Out Our Latest Research Report on MCD

McDonald’s Trading Down 0.3 %

Shares of NYSE:MCD traded down $0.95 during midday trading on Wednesday, reaching $296.09. The company had a trading volume of 1,017,358 shares, compared to its average volume of 2,693,728. The company’s 50 day moving average price is $280.26 and its 200 day moving average price is $280.19. The stock has a market cap of $214.77 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.62 and a beta of 0.71. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $299.35.

McDonald’s (NYSE:MCD – Get Free Report) last released its quarterly earnings data on Monday, October 30th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.00 by $0.19. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.56 billion. McDonald’s had a net margin of 33.31% and a negative return on equity of 157.19%. The company’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.68 earnings per share. Research analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

About McDonald’s

(Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

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