McDonald’s Co. (NYSE:MCD) Shares Purchased by Doliver Advisors LP

Doliver Advisors LP lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,456 shares of the fast-food giant’s stock after acquiring an additional 180 shares during the quarter. Doliver Advisors LP’s holdings in McDonald’s were worth $1,292,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MCD. Boltwood Capital Management increased its stake in McDonald’s by 1.9% in the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares in the last quarter. CWA Asset Management Group LLC increased its position in shares of McDonald’s by 15.1% in the fourth quarter. CWA Asset Management Group LLC now owns 12,723 shares of the fast-food giant’s stock worth $3,688,000 after acquiring an additional 1,672 shares in the last quarter. Modus Advisors LLC grew its position in McDonald’s by 0.4% during the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock worth $2,724,000 after purchasing an additional 36 shares in the last quarter. NRI Wealth Management LC acquired a new stake in McDonald’s during the 4th quarter valued at $1,868,000. Finally, GAMMA Investing LLC lifted its holdings in shares of McDonald’s by 7.7% in the fourth quarter. GAMMA Investing LLC now owns 8,937 shares of the fast-food giant’s stock valued at $2,591,000 after purchasing an additional 636 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,050 shares of company stock valued at $3,556,688. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.6 %

MCD traded down $1.69 during midday trading on Monday, reaching $293.09. The company’s stock had a trading volume of 1,545,279 shares, compared to its average volume of 2,278,306. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market cap of $210.03 billion, a P/E ratio of 25.73, a PEG ratio of 3.95 and a beta of 0.73. The company has a fifty day simple moving average of $294.61 and a 200 day simple moving average of $285.42.

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, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the firm posted $3.19 earnings per share. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MCD shares. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. BMO Capital Markets raised their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Finally, Bank of America lifted their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.65.

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.