Lynch & Associates IN Buys 156 Shares of McDonald’s Co. (NYSE:MCD)

Lynch & Associates IN lifted its holdings in McDonald’s Co. (NYSE:MCD) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,334 shares of the fast-food giant’s stock after buying an additional 156 shares during the quarter. McDonald’s makes up about 2.1% of Lynch & Associates IN’s portfolio, making the stock its 12th biggest position. Lynch & Associates IN’s holdings in McDonald’s were worth $9,663,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after acquiring an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after purchasing an additional 677,139 shares during the last quarter. Mondrian Investment Partners LTD purchased a new stake in shares of McDonald’s in the second quarter valued at approximately $110,321,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of McDonald’s during the 3rd quarter worth $121,254,000. Finally, Ameriprise Financial Inc. raised its holdings in McDonald’s by 8.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after buying an additional 354,196 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MCD shares. The Goldman Sachs Group lifted their price target on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. BMO Capital Markets boosted their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. This represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,050 shares of company stock valued at $3,556,688 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 1.6 %

McDonald’s stock traded down $4.68 during trading on Friday, hitting $282.22. 3,858,116 shares of the company were exchanged, compared to its average volume of 3,030,898. The business’s 50 day moving average is $294.20 and its 200 day moving average is $285.92. The company has a market capitalization of $202.24 billion, a P/E ratio of 24.78, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping 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 business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the firm posted $3.19 EPS. McDonald’s’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

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.