McDonald’s Co. (NYSE:MCD) Shares Purchased by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,142 shares of the fast-food giant’s stock after buying an additional 300 shares during the period. Premier Path Wealth Partners LLC’s holdings in McDonald’s were worth $1,491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MCD. Sanibel Captiva Trust Company Inc. raised its stake in McDonald’s by 4.9% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 29,612 shares of the fast-food giant’s stock valued at $8,584,000 after purchasing an additional 1,373 shares during the last quarter. Verity & Verity LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $1,166,000. Integrated Investment Consultants LLC grew its holdings in shares of McDonald’s by 29.5% during the fourth quarter. Integrated Investment Consultants LLC now owns 21,975 shares of the fast-food giant’s stock worth $6,370,000 after buying an additional 5,005 shares in the last quarter. Spring Capital Management LLC raised its position in shares of McDonald’s by 4.0% in the fourth quarter. Spring Capital Management LLC now owns 18,765 shares of the fast-food giant’s stock valued at $5,440,000 after buying an additional 720 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in shares of McDonald’s by 3.2% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,643 shares of the fast-food giant’s stock valued at $766,000 after buying an additional 82 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.4 %

McDonald’s stock opened at $280.90 on Friday. The stock has a 50 day moving average of $292.90 and a 200-day moving average of $286.75. The stock has a market cap of $201.30 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 EPS. As a group, equities analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock valued at $2,829,428 over the last three months. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

MCD has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Bank of America increased their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Loop Capital restated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Evercore ISI increased their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price 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.