Chicago Partners Investment Group LLC Boosts Holdings in McDonald’s Co. (NYSE:MCD)

Chicago Partners Investment Group LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,910 shares of the fast-food giant’s stock after buying an additional 496 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in McDonald’s were worth $5,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its position in McDonald’s by 312.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,370 shares of the fast-food giant’s stock valued at $10,543,000 after buying an additional 31,351 shares during the period. Centaurus Financial Inc. lifted its position in McDonald’s by 3.6% during the 2nd quarter. Centaurus Financial Inc. now owns 5,387 shares of the fast-food giant’s stock valued at $1,373,000 after acquiring an additional 187 shares during the period. Czech National Bank boosted its stake in McDonald’s by 6.4% during the third quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock worth $44,498,000 after acquiring an additional 8,797 shares in the last quarter. Apella Capital LLC lifted its holdings in shares of McDonald’s by 13.8% during the third quarter. Apella Capital LLC now owns 6,440 shares of the fast-food giant’s stock valued at $1,956,000 after purchasing an additional 780 shares during the last quarter. Finally, Chemung Canal Trust Co. boosted its position in shares of McDonald’s by 57.8% in the 3rd quarter. Chemung Canal Trust Co. now owns 30,676 shares of the fast-food giant’s stock worth $9,341,000 after purchasing an additional 11,233 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent research reports. Barclays increased their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Citigroup lifted their price objective on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets increased their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the stock 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $320.87.

McDonald’s Trading Down 0.5 %

Shares of NYSE MCD opened at $288.83 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm’s 50-day moving average price is $291.15 and its 200-day moving average price is $289.25. The stock has a market capitalization of $206.98 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 3.85 and a beta of 0.73.

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, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.19 EPS. On average, equities analysts predict that McDonald’s Co. will post 11.68 EPS for the current fiscal year.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value 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 $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock worth $2,150,857 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s 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.