McDonald’s Co. (NYSE:MCD) Stock Position Boosted by GoalVest Advisory LLC

GoalVest Advisory LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,285 shares of the fast-food giant’s stock after acquiring an additional 70 shares during the period. GoalVest Advisory LLC’s holdings in McDonald’s were worth $1,532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Public Sector Pension Investment Board raised its holdings in shares of McDonald’s by 71.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 27,644 shares of the fast-food giant’s stock worth $7,045,000 after purchasing an additional 11,539 shares in the last quarter. Wescott Financial Advisory Group LLC acquired a new stake in shares of McDonald’s during the 2nd quarter valued at $313,000. Fred Alger Management LLC boosted its stake in shares of McDonald’s by 5.9% during the 2nd quarter. Fred Alger Management LLC now owns 17,555 shares of the fast-food giant’s stock worth $4,474,000 after acquiring an additional 985 shares in the last quarter. NBW Capital LLC grew its holdings in shares of McDonald’s by 1.8% in the 2nd quarter. NBW Capital LLC now owns 20,366 shares of the fast-food giant’s stock worth $5,190,000 after acquiring an additional 353 shares during the last quarter. Finally, AXA S.A. raised its position in shares of McDonald’s by 1.8% during the second quarter. AXA S.A. now owns 180,537 shares of the fast-food giant’s stock worth $46,008,000 after purchasing an additional 3,202 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,605 shares of company stock valued at $2,508,102 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their price target for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. KeyCorp raised their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Evercore ISI upped their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $321.22.

McDonald’s Stock Down 0.5 %

NYSE:MCD opened at $281.30 on Thursday. The firm has a market cap of $201.58 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 3.68 and a beta of 0.73. The company’s 50-day moving average price is $291.81 and its two-hundred day moving average price is $287.95. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations 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 was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $3.19 EPS. On average, research analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

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.