Capital Asset Advisory Services LLC Buys 251 Shares of McDonald’s Co. (NYSE:MCD)

Capital Asset Advisory Services LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,377 shares of the fast-food giant’s stock after purchasing an additional 251 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in McDonald’s were worth $1,290,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the third quarter worth about $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the third quarter worth $58,000. Finally, FSA Wealth Management LLC acquired a new stake in McDonald’s during the 3rd quarter worth $72,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated 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 owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,905 shares of company stock valued at $2,592,327. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.3 %

NYSE MCD opened at $285.37 on Monday. The firm has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73. The company has a 50-day simple moving average of $291.07 and a two-hundred day simple moving average of $288.43. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 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 company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MCD shares. Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and increased their target price for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, Barclays upped their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

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.