Patrick M Sweeney & Associates Inc. Takes $959,000 Position in McDonald’s Co. (NYSE:MCD)

Patrick M Sweeney & Associates Inc. acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,236 shares of the fast-food giant’s stock, valued at approximately $959,000. McDonald’s comprises about 0.9% of Patrick M Sweeney & Associates Inc.’s investment portfolio, making the stock its 29th largest position.

Several other large investors have also recently made changes to their positions in the company. Independent Wealth Network Inc. increased its position in shares of McDonald’s by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after acquiring an additional 35 shares during the last quarter. Paragon Capital Management Ltd grew its stake in McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after purchasing an additional 36 shares in the last quarter. Mechanics Financial Corp increased its holdings in McDonald’s by 0.7% during the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after purchasing an additional 36 shares during the period. Unique Wealth LLC raised its position in McDonald’s by 1.2% in the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares in the last quarter. Finally, Patron Partners LLC boosted its stake in shares of McDonald’s by 0.7% in the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after buying an additional 38 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MCD has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Barclays lowered their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Morgan Stanley lowered their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Stephens restated an “overweight” rating and set a $320.00 target price on shares of McDonald’s in a research note on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Trading Up 0.4 %

Shares of McDonald’s stock traded up $0.99 during trading hours on Wednesday, hitting $268.49. 3,245,668 shares of the company were exchanged, compared to its average volume of 3,309,152. The business has a 50-day moving average of $278.43 and a 200-day moving average of $282.90. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a market capitalization of $193.58 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the previous year, the company posted $2.63 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 12.18 earnings per share for the current fiscal 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.