Symphony Financial Ltd. Co. Purchases 601 Shares of McDonald’s Co. (NYSE:MCD)

Symphony Financial Ltd. Co. raised its position in shares of McDonald’s Co. (NYSE:MCD) by 7.1% during the 4th quarter, Holdings Channel reports. The fund owned 9,007 shares of the fast-food giant’s stock after purchasing an additional 601 shares during the period. Symphony Financial Ltd. Co.’s holdings in McDonald’s were worth $2,541,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms have recently issued reports on MCD. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. KeyCorp lowered their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Barclays boosted their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. UBS Group raised their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,406 shares of company stock valued at $2,150,857. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.5 %

Shares of McDonald’s stock opened at $288.83 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm’s 50 day simple moving average is $291.12 and its two-hundred day simple moving average is $289.51. The firm 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.

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 analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $3.19 EPS. On average, sell-side analysts predict that McDonald’s Co. will post 11.68 EPS for the current fiscal 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.