McDonald’s Corporation $MCD Stock Position Raised by Bogart Wealth LLC

Bogart Wealth LLC increased its stake in McDonald’s Corporation (NYSE:MCD) by 4.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,612 shares of the fast-food giant’s stock after acquiring an additional 67 shares during the quarter. Bogart Wealth LLC’s holdings in McDonald’s were worth $471,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First American Trust FSB lifted its position in shares of McDonald’s by 55.9% in the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after acquiring an additional 13,234 shares in the last quarter. Banque Transatlantique SA grew its position in McDonald’s by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after purchasing an additional 91,313 shares in the last quarter. Hamilton Capital LLC raised its stake in McDonald’s by 35.2% during the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after purchasing an additional 819 shares during the period. Welch Group LLC lifted its holdings in shares of McDonald’s by 1.1% in the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock valued at $60,188,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Red Door Wealth Management LLC boosted its position in shares of McDonald’s by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock worth $1,788,000 after buying an additional 109 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,402 shares of company stock valued at $1,973,407. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $307.94 on Tuesday. The company has a market capitalization of $219.75 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.25 and a beta of 0.50. The stock’s 50 day moving average price is $306.36 and its 200 day moving average price is $305.47. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Bank of America dropped their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. KeyCorp reiterated an “overweight” rating and issued a $335.00 target price on shares of McDonald’s in a report on Monday. Royal Bank Of Canada started coverage on shares of McDonald’s in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Citigroup upped their price objective on shares of McDonald’s from $373.00 to $381.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $324.68.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.