Monument Capital Management Lowers Position in Mcdonald’s Corp (MCD)

Monument Capital Management lessened its stake in Mcdonald’s Corp (NYSE:MCD) by 12.2% during the first quarter, HoldingsChannel.com reports. The firm owned 13,547 shares of the fast-food giant’s stock after selling 1,887 shares during the period. Mcdonald’s comprises approximately 1.5% of Monument Capital Management’s portfolio, making the stock its 21st biggest holding. Monument Capital Management’s holdings in Mcdonald’s were worth $2,573,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MCD. Ruggie Capital Group raised its holdings in shares of Mcdonald’s by 3,020.0% in the 4th quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after purchasing an additional 151 shares during the period. Gantzert Investment Co. LLC ADV bought a new stake in shares of Mcdonald’s in the 4th quarter worth approximately $31,000. Aspire Private Capital LLC bought a new stake in shares of Mcdonald’s in the 4th quarter worth approximately $32,000. Focused Wealth Management Inc raised its holdings in shares of Mcdonald’s by 4,500.0% in the 4th quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after purchasing an additional 180 shares during the period. Finally, Highwater Wealth Management LLC bought a new stake in shares of Mcdonald’s in the 4th quarter worth approximately $38,000. 69.03% of the stock is currently owned by institutional investors.

In related news, EVP Jerome N. Krulewitch sold 20,641 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $196.40, for a total value of $4,053,892.40. Following the completion of the transaction, the executive vice president now directly owns 20,641 shares in the company, valued at $4,053,892.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher J. Kempczinski sold 38,729 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $195.21, for a total transaction of $7,560,288.09. Following the completion of the transaction, the insider now owns 11,658 shares of the company’s stock, valued at $2,275,758.18. The disclosure for this sale can be found here. Insiders have sold a total of 100,300 shares of company stock valued at $19,632,367 over the last 90 days. Company insiders own 0.25% of the company’s stock.

A number of equities research analysts recently commented on MCD shares. Stephens raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $180.00 to $200.00 in a report on Tuesday, February 19th. Barclays lifted their price objective on shares of Mcdonald’s from $208.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Bank of America lifted their price objective on shares of Mcdonald’s from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $205.00 price objective on shares of Mcdonald’s in a research note on Wednesday, January 30th. Finally, Zacks Investment Research upgraded shares of Mcdonald’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Mcdonald’s currently has an average rating of “Buy” and a consensus target price of $202.39.

MCD opened at $199.99 on Friday. The firm has a market cap of $152.00 billion, a PE ratio of 25.32, a PEG ratio of 2.78 and a beta of 0.54. Mcdonald’s Corp has a one year low of $153.13 and a one year high of $200.63.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Mcdonald’s had a net margin of 28.20% and a negative return on equity of 95.31%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.79 earnings per share. As a group, sell-side analysts anticipate that Mcdonald’s Corp will post 8.04 earnings per share for the current fiscal 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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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

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