Confluence Investment Management LLC Has $24.09 Million Stake in McDonald’s Co. (NYSE:MCD)

Confluence Investment Management LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 83,110 shares of the fast-food giant’s stock after selling 1,215 shares during the period. Confluence Investment Management LLC’s holdings in McDonald’s were worth $24,093,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MCD. Van ECK Associates Corp boosted its stake in McDonald’s by 1.2% during the second quarter. Van ECK Associates Corp now owns 16,358 shares of the fast-food giant’s stock worth $4,169,000 after buying an additional 192 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of McDonald’s by 6.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,165 shares of the fast-food giant’s stock valued at $297,000 after acquiring an additional 72 shares in the last quarter. Naviter Wealth LLC increased its stake in McDonald’s by 9.4% in the second quarter. Naviter Wealth LLC now owns 5,293 shares of the fast-food giant’s stock valued at $1,349,000 after acquiring an additional 454 shares during the period. Founders Financial Securities LLC raised its position in McDonald’s by 12.3% in the second quarter. Founders Financial Securities LLC now owns 5,117 shares of the fast-food giant’s stock worth $1,304,000 after purchasing an additional 562 shares in the last quarter. Finally, Archer Investment Corp lifted its stake in McDonald’s by 41.7% during the second quarter. Archer Investment Corp now owns 2,041 shares of the fast-food giant’s stock worth $520,000 after purchasing an additional 601 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,551 shares of company stock worth $3,120,554 in the last ninety days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.6 %

NYSE MCD traded up $4.66 during trading hours on Thursday, hitting $294.55. The company’s stock had a trading volume of 928,745 shares, compared to its average volume of 3,443,814. The stock has a fifty day moving average of $294.75 and a 200 day moving average of $284.60. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a market capitalization of $211.08 billion, a P/E ratio of 25.86, a PEG ratio of 3.95 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 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent research reports. 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. Evercore ISI increased their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. BMO Capital Markets boosted their target price on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays increased their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Twelve research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.65.

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.