DMC Group LLC increased its position in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,861 shares of the fast-food giant’s stock after purchasing an additional 59 shares during the quarter. DMC Group LLC’s holdings in McDonald’s were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s in the 3rd quarter valued at about $31,000. Hara Capital LLC bought a new stake in McDonald’s in the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the third quarter worth approximately $58,000. Finally, FSA Wealth Management LLC bought a new position in shares of McDonald’s during the third quarter worth approximately $72,000. 70.29% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, insider Joseph M. Erlinger sold 300 shares of the firm’s 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 transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’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 completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is currently owned by company insiders.
McDonald’s Price Performance
McDonald’s (NYSE:MCD – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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.
Analysts Set New Price Targets
MCD has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. UBS Group increased their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Barclays increased their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $320.87.
View Our Latest Stock Report on McDonald’s
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.
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