McDonald’s Co. (NYSE:MCD) Shares Purchased by Leonard Rickey Investment Advisors P.L.L.C.

Leonard Rickey Investment Advisors P.L.L.C. boosted its position in McDonald’s Co. (NYSE:MCD) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,250 shares of the fast-food giant’s stock after purchasing an additional 60 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in McDonald’s were worth $362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cove Private Wealth LLC raised its holdings in McDonald’s by 4.2% in the 4th quarter. Cove Private Wealth LLC now owns 2,657 shares of the fast-food giant’s stock valued at $770,000 after acquiring an additional 107 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of McDonald’s by 1.1% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,678 shares of the fast-food giant’s stock valued at $1,356,000 after purchasing an additional 51 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of McDonald’s by 1.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 127,777 shares of the fast-food giant’s stock valued at $37,041,000 after purchasing an additional 2,297 shares during the last quarter. Corundum Group Inc. lifted its position in McDonald’s by 51.8% during the fourth quarter. Corundum Group Inc. now owns 5,395 shares of the fast-food giant’s stock worth $1,564,000 after buying an additional 1,841 shares in the last quarter. Finally, DLK Investment Management LLC boosted its stake in McDonald’s by 0.6% during the fourth quarter. DLK Investment Management LLC now owns 15,343 shares of the fast-food giant’s stock worth $4,448,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $280.90 on Tuesday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company’s 50 day moving average price is $292.54 and its 200 day moving average price is $287.50. The firm has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.65 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced 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 for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $3.19 EPS. Equities analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent research reports. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. KeyCorp boosted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Bank of America raised their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

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.