Chicago Partners Investment Group LLC Raises Holdings in McDonald’s Co. (NYSE:MCD)

Chicago Partners Investment Group LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,910 shares of the fast-food giant’s stock after acquiring an additional 496 shares during the period. Chicago Partners Investment Group LLC’s holdings in McDonald’s were worth $5,425,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the 3rd quarter valued at about $31,000. Hara Capital LLC acquired a new stake in McDonald’s in the third quarter worth about $44,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s in the third quarter worth about $58,000. Finally, FSA Wealth Management LLC acquired a new position in shares of McDonald’s during the third quarter valued at about $72,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $288.83 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market capitalization of $206.98 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73. The business has a 50-day moving average of $291.15 and a two-hundred day moving average of $289.25.

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, 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 business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the business posted $3.19 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Co. will post 11.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Evercore ISI upped their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Citigroup increased their price target on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a report on Tuesday. KeyCorp dropped their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. UBS Group boosted their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 over the last ninety days. Insiders own 0.23% of the company’s stock.

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.