McDonald’s Co. (NYSE:MCD) Shares Bought by Charles Schwab Trust Co

Charles Schwab Trust Co increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 27.4% during the 4th quarter, Holdings Channel reports. The fund owned 2,251 shares of the fast-food giant’s stock after purchasing an additional 484 shares during the quarter. Charles Schwab Trust Co’s holdings in McDonald’s were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

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

McDonald’s Trading Up 0.4 %

Shares of NYSE MCD opened at $280.90 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market cap of $201.30 billion, a P/E ratio of 24.66, a PEG ratio of 3.65 and a beta of 0.73. The business’s fifty day simple moving average is $292.54 and its 200-day simple moving average is $287.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 earnings per share. On average, equities analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % 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 valued at $2,829,428. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MCD. Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. UBS Group increased their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $320.00 to $290.00 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 stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $321.39.

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.