Osprey Private Wealth LLC Purchases 5,338 Shares of McDonald’s Corporation $MCD

Osprey Private Wealth LLC boosted its position in McDonald’s Corporation (NYSE:MCD) by 38.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,323 shares of the fast-food giant’s stock after purchasing an additional 5,338 shares during the quarter. McDonald’s comprises about 1.7% of Osprey Private Wealth LLC’s portfolio, making the stock its 22nd biggest holding. Osprey Private Wealth LLC’s holdings in McDonald’s were worth $5,906,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MCD. Viking Global Investors LP lifted its position in shares of McDonald’s by 171.7% during the 2nd quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock valued at $913,157,000 after acquiring an additional 1,974,998 shares during the period. Franklin Resources Inc. lifted its position in shares of McDonald’s by 36.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant’s stock valued at $1,336,155,000 after acquiring an additional 1,179,244 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of McDonald’s by 111.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,071,296 shares of the fast-food giant’s stock valued at $629,446,000 after acquiring an additional 1,090,849 shares during the period. Marshall Wace LLP lifted its position in shares of McDonald’s by 927.5% during the 3rd quarter. Marshall Wace LLP now owns 827,547 shares of the fast-food giant’s stock valued at $251,483,000 after acquiring an additional 927,547 shares during the period. Finally, Alyeska Investment Group L.P. lifted its position in shares of McDonald’s by 766.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 885,629 shares of the fast-food giant’s stock valued at $269,134,000 after acquiring an additional 783,416 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Down 2.8%

Shares of MCD stock opened at $275.62 on Friday. McDonald’s Corporation has a twelve month low of $274.83 and a twelve month high of $341.75. The company has a market cap of $195.92 billion, a P/E ratio of 22.72, a P/E/G ratio of 2.56 and a beta of 0.43. The business has a fifty day simple moving average of $311.40 and a 200 day simple moving average of $311.40.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 395.08% and a net margin of 31.62%.The business had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the company earned $2.67 EPS. McDonald’s’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that McDonald’s Corporation will post 13.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

MCD has been the subject of a number of recent analyst reports. Mizuho upped their target price on McDonald’s from $300.00 to $325.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. BTIG Research reiterated a “buy” rating and set a $370.00 target price on shares of McDonald’s in a research report on Thursday. Tigress Financial upped their target price on McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, March 6th. UBS Group upped their target price on McDonald’s from $350.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada cut their target price on McDonald’s from $330.00 to $305.00 and set a “sector perform” rating for the company in a research report on Friday. Seventeen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.14.

Insider Transactions at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 26,277 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $331.35, for a total value of $8,706,883.95. Following the completion of the transaction, the chief executive officer directly owned 22,900 shares in the company, valued at approximately $7,587,915. This trade represents a 53.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Banner sold 6,201 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $333.29, for a total value of $2,066,731.29. Following the completion of the transaction, the executive vice president owned 2,291 shares of the company’s stock, valued at $763,567.39. This represents a 73.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,990 shares of company stock valued at $23,824,113 over the last three months. Company insiders own 0.26% of the company’s stock.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s beat Q1 earnings and revenue estimates, with EPS of $2.83 and revenue of $6.52 billion, helping reassure investors that the brand is still executing well in a tougher consumer environment. Article Title
• Positive Sentiment: Global comparable sales rose 3.8%, supported by value meals, loyalty spending, and new menu items such as the Big Arch burger and specialty drinks, showing McDonald’s value push is driving traffic and sales growth. Article Title
• Positive Sentiment: Several analysts kept bullish ratings even as they trimmed price targets, reflecting confidence that McDonald’s can keep gaining share and recover if consumer demand stabilizes. Article Title

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.