Traveka Wealth LLC Buys 382 Shares of McDonald’s Co. (NYSE:MCD)

Traveka Wealth LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 28.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,728 shares of the fast-food giant’s stock after acquiring an additional 382 shares during the period. Traveka Wealth LLC’s holdings in McDonald’s were worth $501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the third quarter worth about $31,000. Hara Capital LLC bought a new position in McDonald’s during the 3rd quarter worth about $44,000. Peterson Financial Group Inc. purchased a new position in McDonald’s during the 3rd quarter valued at about $58,000. Finally, FSA Wealth Management LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $72,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % 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 in the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Up 0.3 %

MCD opened at $283.20 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a 50 day moving average of $293.75 and a two-hundred day moving average of $286.65. The firm has a market capitalization of $202.95 billion, a PE ratio of 24.86, a P/E/G ratio of 3.95 and a beta of 0.73.

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 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 firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the company posted $3.19 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MCD. UBS Group lifted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. TD Cowen reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Morgan Stanley boosted their target price on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Wedbush restated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $321.39.

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.