McDonald’s Co. (NYSE:MCD) Shares Purchased by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,471 shares of the fast-food giant’s stock after buying an additional 154 shares during the period. CFS Investment Advisory Services LLC’s holdings in McDonald’s were worth $2,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the third quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s during the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s in the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s in the third quarter worth approximately $72,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were 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 $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s 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 completion of the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Up 0.3 %

MCD stock opened at $285.37 on Friday. The business has a 50 day moving average price of $291.07 and a 200 day moving average price of $288.14. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 EPS. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America lifted their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Guggenheim downgraded 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 note on Wednesday, October 23rd. Barclays increased their price objective 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, TD Cowen reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $320.78.

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.