Websterrogers Financial Advisors LLC Makes New $326,000 Investment in McDonald’s Co. (NYSE:MCD)

Websterrogers Financial Advisors LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,126 shares of the fast-food giant’s stock, valued at approximately $326,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Kennebec Savings Bank purchased a new position in McDonald’s during the 3rd quarter valued at about $1,394,000. Charles Schwab Investment Management Inc. boosted its position in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in McDonald’s by 58.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after acquiring an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after acquiring an additional 2,997 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in McDonald’s in the 3rd quarter worth approximately $16,870,000. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $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. In the last three months, insiders have sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Up 0.3 %

Shares of MCD opened at $282.54 on Thursday. The stock has a market capitalization of $202.47 billion, a P/E ratio of 24.81, a PEG ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a fifty day simple moving average of $293.43 and a two-hundred day simple moving average of $286.83.

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 company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on MCD shares. Morgan Stanley boosted their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. UBS Group upped their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Barclays boosted their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, TD Cowen reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

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.