Everett Harris & Co. CA Grows Position in McDonald’s Co. (NYSE:MCD)

Everett Harris & Co. CA raised its position in McDonald’s Co. (NYSE:MCD) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 406,013 shares of the fast-food giant’s stock after purchasing an additional 4,302 shares during the period. McDonald’s comprises approximately 1.5% of Everett Harris & Co. CA’s holdings, making the stock its 15th largest position. Everett Harris & Co. CA’s holdings in McDonald’s were worth $117,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Heck Capital Advisors LLC acquired a new stake in McDonald’s during the 4th quarter worth $892,000. Oxler Private Wealth LLC raised its holdings in shares of McDonald’s by 0.6% in the fourth quarter. Oxler Private Wealth LLC now owns 6,241 shares of the fast-food giant’s stock valued at $1,809,000 after buying an additional 37 shares during the last quarter. Austin Private Wealth LLC boosted its stake in shares of McDonald’s by 10.5% during the fourth quarter. Austin Private Wealth LLC now owns 2,571 shares of the fast-food giant’s stock worth $745,000 after buying an additional 244 shares during the period. Great Diamond Partners LLC grew its holdings in shares of McDonald’s by 2.1% during the fourth quarter. Great Diamond Partners LLC now owns 1,920 shares of the fast-food giant’s stock worth $556,000 after buying an additional 40 shares during the last quarter. Finally, Caprock Group LLC increased its position in McDonald’s by 5.7% in the 4th quarter. Caprock Group LLC now owns 15,441 shares of the fast-food giant’s stock valued at $4,476,000 after acquiring an additional 836 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Down 0.5 %

Shares of MCD stock opened at $288.83 on Friday. The company has a market capitalization of $206.98 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73. The firm has a 50-day moving average price of $291.15 and a 200 day moving average price of $289.25. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last announced 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. The business 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 company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.19 earnings per share. As a group, research analysts predict that McDonald’s Co. will post 11.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock valued at $2,150,857 in the last quarter. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MCD. Morgan Stanley lowered their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. BMO Capital Markets boosted their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Bank of America boosted their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, TD Cowen restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Ten 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

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.