By otakuyassine3@gmail.com 
Meyer Handelman Co. decreased its stake in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 2.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 107,595 shares of the fast-food giant’s stock after selling 2,294 shares during the period. Meyer Handelman Co.’s holdings in McDonald’s were worth $31,191,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter worth about $31,000. Hara Capital LLC bought a new position in McDonald’s during the third quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new position in McDonald’s during the 3rd quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s in the 3rd quarter worth approximately $72,000. 70.29% of the stock is owned by hedge funds and other institutional investors.
McDonald’s Price Performance
Shares of MCD stock opened at $281.40 on Wednesday. The company has a market capitalization of $201.66 billion, a P/E ratio of 24.71, a P/E/G ratio of 3.95 and a beta of 0.73. The company’s 50-day simple moving average is $293.43 and its two-hundred day simple moving average is $286.83. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.
McDonald’s (NYSE:MCD – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for 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%. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 earnings per share. On average, research analysts expect that McDonald’s Co. will post 11.75 EPS for the current fiscal year.
Wall Street Analyst Weigh In
MCD has been the subject of a number of research reports. UBS Group increased their target price on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price objective for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, Barclays lifted their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $321.39.
Check Out Our Latest Stock Analysis on McDonald’s
Insider Transactions at McDonald’s
In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by corporate insiders.
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.
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