Blue Barn Wealth LLC Has $278,000 Stake in McDonald’s Co. (NYSE:MCD)

Blue Barn Wealth LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 10.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 938 shares of the fast-food giant’s stock after selling 107 shares during the period. Blue Barn Wealth LLC’s holdings in McDonald’s were worth $278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Independent Wealth Network Inc. grew its stake in McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the period. Paragon Capital Management Ltd lifted its position in McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares during the period. Mechanics Financial Corp grew its holdings in McDonald’s by 0.7% in the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after purchasing an additional 36 shares during the period. Unique Wealth LLC increased its stake in shares of McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares in the last quarter. Finally, Patron Partners LLC lifted its holdings in shares of McDonald’s by 0.7% during the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD traded up $0.99 during trading on Wednesday, hitting $268.49. The company had a trading volume of 3,258,526 shares, compared to its average volume of 3,309,152. The stock has a market cap of $193.58 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. The company has a fifty day simple moving average of $278.43 and a two-hundred day simple moving average of $282.90. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the previous year, the firm earned $2.63 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Co. will post 12.18 earnings per share for the current year.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Royal Bank of Canada reduced their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Bank of America increased their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Guggenheim cut their price target on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. BMO Capital Markets decreased their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Finally, Wedbush reduced their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $317.74.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.