Masso Torrence Wealth Management Inc. Has $399,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Masso Torrence Wealth Management Inc. increased its position in McDonald’s Co. (NYSE:MCD) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,375 shares of the fast-food giant’s stock after buying an additional 96 shares during the period. Masso Torrence Wealth Management Inc.’s holdings in McDonald’s were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MCD. Forsta AP Fonden boosted its position in shares of McDonald’s by 3.7% during the 4th quarter. Forsta AP Fonden now owns 209,500 shares of the fast-food giant’s stock valued at $60,732,000 after acquiring an additional 7,400 shares in the last quarter. Nvest Financial LLC increased its stake in shares of McDonald’s by 25.2% in the 4th quarter. Nvest Financial LLC now owns 3,068 shares of the fast-food giant’s stock valued at $889,000 after buying an additional 618 shares during the period. Twelve Points Wealth Management LLC lifted its holdings in McDonald’s by 23.1% in the fourth quarter. Twelve Points Wealth Management LLC now owns 3,549 shares of the fast-food giant’s stock valued at $1,029,000 after buying an additional 667 shares during the period. Gateway Wealth Partners LLC boosted its holdings in McDonald’s by 17.4% during the fourth quarter. Gateway Wealth Partners LLC now owns 1,556 shares of the fast-food giant’s stock worth $451,000 after buying an additional 231 shares during the last quarter. Finally, Capital Investment Counsel LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $374,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Evercore ISI increased their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Bank of America lifted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $320.87.

McDonald’s Price Performance

MCD opened at $291.92 on Wednesday. The company’s 50 day moving average price is $291.12 and its two-hundred day moving average price is $289.23. The firm has a market capitalization of $209.20 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.19 earnings per share. As a group, equities research analysts predict that McDonald’s Co. will post 11.72 EPS for the current year.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’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 sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,905 shares of company stock valued at $2,592,327. Company insiders own 0.23% of the company’s stock.

McDonald’s Profile

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.