Capital Asset Advisory Services LLC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Capital Asset Advisory Services LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 6.1% during the fourth quarter, HoldingsChannel reports. The fund owned 4,377 shares of the fast-food giant’s stock after acquiring an additional 251 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in McDonald’s were worth $1,290,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kennebec Savings Bank bought a new stake in McDonald’s during the 3rd quarter valued at about $1,394,000. Charles Schwab Investment Management Inc. raised its stake in shares of McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after purchasing an additional 2,997 shares in the last quarter. PFW Advisors LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth $2,471,000. Finally, Weiss Asset Management LP purchased a new position in McDonald’s during the 3rd quarter valued at about $16,870,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MCD shares. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. UBS Group raised their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America increased their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their price target for the company from $311.00 to $334.00 in a report on Friday, January 10th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is owned by company insiders.

McDonald’s Trading Up 0.3 %

Shares of MCD stock opened at $285.37 on Monday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market cap of $204.50 billion, a P/E ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73. The firm has a fifty day moving average price of $291.07 and a 200 day moving average price of $288.43.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Co. will post 11.72 EPS for the current year.

McDonald’s 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.