McDonald’s Co. (NYSE:MCD) Stake Boosted by Kelleher Financial Advisors

Kelleher Financial Advisors increased its holdings in McDonald’s Co. (NYSE:MCD) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,243 shares of the fast-food giant’s stock after purchasing an additional 47 shares during the period. Kelleher Financial Advisors’ holdings in McDonald’s were worth $940,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the third quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the third quarter valued at about $31,000. Hara Capital LLC bought a new stake in McDonald’s during the third quarter valued at about $44,000. Peterson Financial Group Inc. bought a new stake in McDonald’s during the third quarter valued at about $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s during the third quarter valued at about $72,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $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. Over the last ninety days, insiders have sold 8,605 shares of company stock valued at $2,508,102. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on MCD. UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets upped their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. 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 report on Friday, January 10th. TD Cowen restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Wells Fargo & Company upped their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $321.22.

McDonald’s Trading Down 0.5 %

Shares of McDonald’s stock opened at $281.30 on Thursday. The stock has a market capitalization of $201.58 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 3.68 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm’s 50-day moving average price is $291.81 and its two-hundred day moving average price is $287.95.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 earnings per share. As a group, equities research analysts predict that McDonald’s Co. will post 11.73 EPS for the current year.

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.