PCA Investment Advisory Services Inc. Has $668,000 Position in McDonald’s Co. (NYSE:MCD)

PCA Investment Advisory Services Inc. raised its holdings in McDonald’s Co. (NYSE:MCD) by 10.6% during the fourth quarter, HoldingsChannel reports. The firm owned 2,304 shares of the fast-food giant’s stock after acquiring an additional 221 shares during the quarter. PCA Investment Advisory Services Inc.’s holdings in McDonald’s were worth $668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Signal Advisors Wealth LLC increased its holdings in McDonald’s by 2.9% in the 4th quarter. Signal Advisors Wealth LLC now owns 8,784 shares of the fast-food giant’s stock worth $2,547,000 after purchasing an additional 244 shares in the last quarter. Shira Ridge Wealth Management lifted its holdings in shares of McDonald’s by 6.9% during the fourth quarter. Shira Ridge Wealth Management now owns 713 shares of the fast-food giant’s stock worth $207,000 after purchasing an additional 46 shares during the period. Johnson & White Wealth Management LLC acquired a new stake in McDonald’s in the fourth quarter valued at $670,000. Cullen Investment Group LTD. raised its position in McDonald’s by 7.2% during the 4th quarter. Cullen Investment Group LTD. now owns 2,331 shares of the fast-food giant’s stock worth $676,000 after purchasing an additional 156 shares during the last quarter. Finally, Exeter Financial LLC lifted its stake in shares of McDonald’s by 1.2% in the fourth quarter. Exeter Financial LLC now owns 17,871 shares of the fast-food giant’s stock worth $5,181,000 after acquiring an additional 215 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares of the company’s stock, valued at $3,036,366.30. The trade was a 9.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value 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 approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MCD. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Bank of America boosted their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their target price on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

McDonald’s Price Performance

Shares of NYSE MCD opened at $283.20 on Tuesday. The stock has a market capitalization of $202.95 billion, a P/E ratio of 24.86, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm’s 50 day simple moving average is $293.75 and its two-hundred day simple moving average is $286.65.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping 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 the consensus estimate of $6.82 billion. During the same period in the previous year, the firm posted $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

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.