Woodstock Corp Acquires 285 Shares of McDonald’s Co. (NYSE:MCD)

Woodstock Corp raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,662 shares of the fast-food giant’s stock after purchasing an additional 285 shares during the period. Woodstock Corp’s holdings in McDonald’s were worth $4,250,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the third quarter valued at approximately $31,000. Hara Capital LLC purchased a new position in McDonald’s during the 3rd quarter worth $44,000. Peterson Financial Group Inc. purchased a new position in McDonald’s during the third quarter worth about $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s in the 3rd quarter worth approximately $72,000. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 in the last three months. 0.23% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $279.56 on Friday. The company has a market cap of $200.34 billion, a PE ratio of 24.54, a P/E/G ratio of 3.67 and a beta of 0.73. The stock’s 50-day moving average is $293.20 and its 200 day moving average is $286.80. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm earned $3.19 earnings per share. McDonald’s’s revenue was up 2.7% on a year-over-year basis. Analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MCD shares. The Goldman Sachs Group increased their price target on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets upped their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

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.