McDonald’s Co. (NYSE:MCD) Stake Raised by Silver Lake Advisory LLC

Silver Lake Advisory LLC increased its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,118 shares of the fast-food giant’s stock after buying an additional 45 shares during the quarter. McDonald’s comprises 1.4% of Silver Lake Advisory LLC’s portfolio, making the stock its 29th largest holding. Silver Lake Advisory LLC’s holdings in McDonald’s were worth $3,223,000 as of its most recent SEC filing.

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

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,605 shares of company stock worth $2,508,102. 0.23% of the stock is owned by corporate insiders.

McDonald’s Price Performance

Shares of NYSE MCD opened at $284.49 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business’s 50-day moving average price is $291.49 and its two-hundred day moving average price is $287.90. The company has a market capitalization of $203.87 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.19 earnings per share. On average, equities analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Wedbush reaffirmed an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research note on Wednesday, October 23rd. Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and raised their target price for the company from $311.00 to $334.00 in a research note on Friday, January 10th. Morgan Stanley dropped their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays raised their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price 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. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.22.

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McDonald’s Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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