Cambridge Advisors Inc. Grows Stake in McDonald’s Co. (NYSE:MCD)

Cambridge Advisors Inc. lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 908 shares of the fast-food giant’s stock after purchasing an additional 95 shares during the period. Cambridge Advisors Inc.’s holdings in McDonald’s were worth $263,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Liberty One Investment Management LLC grew its holdings in McDonald’s by 0.9% during the fourth quarter. Liberty One Investment Management LLC now owns 104,315 shares of the fast-food giant’s stock valued at $30,240,000 after purchasing an additional 973 shares during the period. Cadinha & Co. LLC grew its stake in shares of McDonald’s by 75.4% during the 4th quarter. Cadinha & Co. LLC now owns 90,297 shares of the fast-food giant’s stock worth $26,176,000 after acquiring an additional 38,805 shares during the period. J2 Capital Management Inc purchased a new stake in McDonald’s in the 4th quarter worth about $539,000. Aaron Wealth Advisors LLC raised its stake in McDonald’s by 13.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 5,571 shares of the fast-food giant’s stock valued at $1,615,000 after acquiring an additional 678 shares during the period. Finally, Riversedge Advisors LLC lifted its holdings in McDonald’s by 5.2% during the fourth quarter. Riversedge Advisors LLC now owns 1,773 shares of the fast-food giant’s stock valued at $514,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCD. Evercore ISI lifted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group boosted their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Morgan Stanley boosted their price objective on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Stock Performance

MCD stock opened at $280.90 on Friday. The firm’s fifty day moving average is $292.54 and its 200 day moving average is $286.97. The firm has a market cap of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.67 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.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.19 EPS. As a group, analysts forecast that McDonald’s Co. will post 11.73 EPS for the current year.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at $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. Insiders sold 9,704 shares of company stock valued at $2,829,428 over the last quarter. 0.23% of the stock is owned by company insiders.

About McDonald’s

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.