Burney Co. Buys 2,032 Shares of McDonald’s Co. (NYSE:MCD)

Burney Co. boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,508 shares of the fast-food giant’s stock after purchasing an additional 2,032 shares during the quarter. Burney Co.’s holdings in McDonald’s were worth $6,815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. American Century Companies Inc. boosted its holdings in McDonald’s by 1.9% during the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after acquiring an additional 915 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of McDonald’s by 8.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,772,338 shares of the fast-food giant’s stock worth $451,689,000 after purchasing an additional 138,191 shares during the last quarter. One Capital Management LLC boosted its stake in McDonald’s by 49.6% during the 2nd quarter. One Capital Management LLC now owns 6,158 shares of the fast-food giant’s stock valued at $1,569,000 after purchasing an additional 2,041 shares during the period. Citizens Financial Group Inc. RI increased its position in McDonald’s by 46.1% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 22,726 shares of the fast-food giant’s stock worth $5,791,000 after buying an additional 7,168 shares during the period. Finally, Savoir Faire Capital Management L.P. lifted its holdings in shares of McDonald’s by 19.9% during the second quarter. Savoir Faire Capital Management L.P. now owns 12,858 shares of the fast-food giant’s stock worth $3,277,000 after buying an additional 2,135 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.5 %

McDonald’s stock opened at $282.85 on Wednesday. The stock has a 50-day simple moving average of $293.43 and a 200 day simple moving average of $286.83. The stock has a market capitalization of $202.70 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.19 earnings per share. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current year.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 over the last 90 days. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays raised their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI lifted their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Bank of America boosted their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $321.39.

About McDonald’s

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.