Stonegate Investment Group LLC Has $11.23 Million Stake in McDonald’s Co. (NYSE:MCD)

Stonegate Investment Group LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 38,742 shares of the fast-food giant’s stock after purchasing an additional 587 shares during the quarter. Stonegate Investment Group LLC’s holdings in McDonald’s were worth $11,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the third quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the 3rd quarter worth about $31,000. Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s in the third quarter worth about $58,000. Finally, FSA Wealth Management LLC bought a new stake in shares of McDonald’s during the third quarter valued at approximately $72,000. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the 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 sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % 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 on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,905 shares of company stock valued at $2,592,327. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $293.16 on Tuesday. The business has a 50-day moving average of $291.07 and a 200-day moving average of $288.70. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market capitalization of $210.08 billion, a P/E ratio of 25.74, a P/E/G ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the company earned $3.19 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities analysts expect that McDonald’s Co. will post 11.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MCD. Wedbush reaffirmed an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Evercore ISI raised their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. UBS Group upped their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Citigroup raised their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $320.87.

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.