Shellback Capital LP Acquires New Position in McDonald’s Co. (NYSE:MCD)

Shellback Capital LP purchased a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the fast-food giant’s stock, valued at approximately $4,348,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC boosted its holdings in shares of McDonald’s by 1.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 4,546 shares of the fast-food giant’s stock valued at $1,318,000 after acquiring an additional 48 shares during the last quarter. Kathmere Capital Management LLC raised its stake in shares of McDonald’s by 21.8% during the 4th quarter. Kathmere Capital Management LLC now owns 1,005 shares of the fast-food giant’s stock valued at $291,000 after buying an additional 180 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of McDonald’s by 5.3% in the fourth quarter. Park Avenue Securities LLC now owns 20,732 shares of the fast-food giant’s stock worth $6,010,000 after buying an additional 1,045 shares during the last quarter. Roble Belko & Company Inc purchased a new position in McDonald’s during the fourth quarter valued at approximately $87,000. Finally, Websterrogers Financial Advisors LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $326,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at $2,964,892.08. This represents a 24.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. The trade was a 7.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,636 shares of company stock worth $5,420,722 in the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

MCD opened at $314.04 on Friday. The firm has a market capitalization of $224.56 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The company’s 50 day simple moving average is $309.80 and its two-hundred day simple moving average is $300.47. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts’ consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.70 earnings per share. On average, equities analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MCD shares. Morgan Stanley dropped their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Bank of America increased their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Finally, Barclays raised their target price on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $325.91.

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.