McDonald’s Co. (NYSE:MCD) Position Boosted by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 4.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,878 shares of the fast-food giant’s stock after purchasing an additional 450 shares during the quarter. McDonald’s comprises about 1.3% of Mitchell & Pahl Private Wealth LLC’s investment portfolio, making the stock its 13th largest position. Mitchell & Pahl Private Wealth LLC’s holdings in McDonald’s were worth $2,864,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Ballentine Partners LLC boosted its holdings in shares of McDonald’s by 0.9% in the 4th quarter. Ballentine Partners LLC now owns 17,208 shares of the fast-food giant’s stock valued at $4,988,000 after buying an additional 151 shares during the period. Pure Financial Advisors LLC lifted its holdings in McDonald’s by 15.3% in the fourth quarter. Pure Financial Advisors LLC now owns 3,781 shares of the fast-food giant’s stock worth $1,096,000 after acquiring an additional 502 shares during the last quarter. Tudor Financial Inc. grew its holdings in shares of McDonald’s by 9.4% during the fourth quarter. Tudor Financial Inc. now owns 1,415 shares of the fast-food giant’s stock valued at $410,000 after purchasing an additional 122 shares during the last quarter. New Hampshire Trust raised its position in shares of McDonald’s by 0.7% during the 4th quarter. New Hampshire Trust now owns 20,130 shares of the fast-food giant’s stock worth $5,835,000 after purchasing an additional 132 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in shares of McDonald’s by 5.0% in the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,250 shares of the fast-food giant’s stock worth $362,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MCD shares. TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group upped their target price on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s 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 transaction, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $280.90 on Tuesday. The stock has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.65 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a 50 day moving average price of $292.54 and a 200 day moving average price of $287.50.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm posted $3.19 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

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.