Brighton Jones LLC Acquires 1,649 Shares of McDonald’s Co. (NYSE:MCD)

Brighton Jones LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 21.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,286 shares of the fast-food giant’s stock after purchasing an additional 1,649 shares during the quarter. Brighton Jones LLC’s holdings in McDonald’s were worth $2,692,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. grew its stake in McDonald’s by 2.4% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock worth $433,000 after acquiring an additional 33 shares in the last quarter. Riversedge Advisors LLC raised its position in McDonald’s by 2.0% during the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock valued at $513,000 after purchasing an additional 33 shares in the last quarter. Proquility Private Wealth Partners LLC lifted its holdings in shares of McDonald’s by 1.0% in the 3rd quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock worth $1,057,000 after buying an additional 35 shares during the period. Clear Creek Financial Management LLC grew its position in shares of McDonald’s by 2.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after buying an additional 35 shares in the last quarter. Finally, GDS Wealth Management increased its stake in shares of McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after buying an additional 35 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,605 shares of company stock worth $2,508,102 over the last quarter. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Up 1.1 %

MCD opened at $284.49 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a 50 day moving average of $291.49 and a two-hundred day moving average of $287.90. The firm has a market capitalization of $203.87 billion, a PE ratio of 24.98, a P/E/G ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) 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 firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the company posted $3.19 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Barclays boosted their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and increased their target price for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Finally, KeyCorp boosted their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Ten research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.22.

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.