Integrated Investment Consultants LLC Raises Stock Position in McDonald’s Co. (NYSE:MCD)

Integrated Investment Consultants LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 29.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,975 shares of the fast-food giant’s stock after purchasing an additional 5,005 shares during the period. Integrated Investment Consultants LLC’s holdings in McDonald’s were worth $6,370,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

MCD has been the topic of several analyst reports. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Evercore ISI upped their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Wedbush reissued an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $321.39.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the business’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 completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,704 shares of company stock worth $2,829,428. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.4 %

McDonald’s stock opened at $280.90 on Friday. The business’s 50-day moving average price is $292.90 and its 200 day moving average price is $286.75. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

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, beating 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 analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $3.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts expect that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Company 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.