Curbstone Financial Management Corp Buys 88 Shares of McDonald’s Co. (NYSE:MCD)

Curbstone Financial Management Corp raised its stake in McDonald’s Co. (NYSE:MCD) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,972 shares of the fast-food giant’s stock after buying an additional 88 shares during the period. Curbstone Financial Management Corp’s holdings in McDonald’s were worth $1,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Revolve Wealth Partners LLC lifted its stake in shares of McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 52 shares during the last quarter. Warner Financial Inc. increased its holdings in McDonald’s by 1.5% in the 4th quarter. Warner Financial Inc. now owns 3,393 shares of the fast-food giant’s stock worth $984,000 after purchasing an additional 50 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in McDonald’s by 0.7% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,582 shares of the fast-food giant’s stock valued at $3,647,000 after purchasing an additional 92 shares during the last quarter. Diamant Asset Management Inc. boosted its stake in shares of McDonald’s by 0.6% during the fourth quarter. Diamant Asset Management Inc. now owns 9,604 shares of the fast-food giant’s stock valued at $2,784,000 after purchasing an additional 60 shares in the last quarter. Finally, Nilsine Partners LLC grew its holdings in shares of McDonald’s by 9.3% during the fourth quarter. Nilsine Partners LLC now owns 19,386 shares of the fast-food giant’s stock worth $5,620,000 after purchasing an additional 1,642 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $293.16 on Tuesday. The stock has a market capitalization of $210.08 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a 50 day moving average price of $291.07 and a two-hundred day moving average price of $288.70.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm posted $3.19 EPS. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that McDonald’s Co. will post 11.72 EPS for the current year.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,905 shares of company stock worth $2,592,327 over the last three months. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on MCD shares. Bank of America raised their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup raised their target price on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley reduced their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Company 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.