Whitener Capital Management Inc. Has $8.37 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Whitener Capital Management Inc. lifted its stake in McDonald’s Co. (NYSE:MCD) by 5.1% in the 4th quarter, HoldingsChannel reports. The fund owned 28,873 shares of the fast-food giant’s stock after purchasing an additional 1,404 shares during the quarter. McDonald’s comprises 2.3% of Whitener Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Whitener Capital Management Inc.’s holdings in McDonald’s were worth $8,370,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kennebec Savings Bank bought a new position in shares of McDonald’s in the 3rd quarter worth $1,394,000. Charles Schwab Investment Management Inc. raised its position in shares of McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of McDonald’s by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after acquiring an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake 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 buying an additional 2,997 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in McDonald’s during the 3rd quarter worth $16,870,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock valued at $2,829,428 over the last quarter. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Up 0.4 %

NYSE MCD opened at $280.90 on Friday. The stock has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, 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 stock has a 50-day moving average of $292.90 and a 200 day moving average of $286.75.

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, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the firm posted $3.19 EPS. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MCD shares. BMO Capital Markets boosted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Finally, Bank of America boosted their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Ten equities 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 currently has a consensus rating of “Moderate Buy” and a consensus target price 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.