Signal Advisors Wealth LLC Grows Stake in McDonald’s Co. (NYSE:MCD)

Signal Advisors Wealth LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,784 shares of the fast-food giant’s stock after purchasing an additional 244 shares during the period. Signal Advisors Wealth LLC’s holdings in McDonald’s were worth $2,547,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Shira Ridge Wealth Management lifted its stake in McDonald’s by 6.9% in the 4th quarter. Shira Ridge Wealth Management now owns 713 shares of the fast-food giant’s stock worth $207,000 after purchasing an additional 46 shares in the last quarter. Johnson & White Wealth Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth about $670,000. Cullen Investment Group LTD. boosted its stake in McDonald’s by 7.2% during the fourth quarter. Cullen Investment Group LTD. now owns 2,331 shares of the fast-food giant’s stock valued at $676,000 after buying an additional 156 shares during the last quarter. Exeter Financial LLC grew its holdings in McDonald’s by 1.2% during the 4th quarter. Exeter Financial LLC now owns 17,871 shares of the fast-food giant’s stock valued at $5,181,000 after buying an additional 215 shares in the last quarter. Finally, Tealwood Asset Management Inc. raised its holdings in shares of McDonald’s by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 8,083 shares of the fast-food giant’s stock worth $2,343,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their target price for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. BMO Capital Markets upped their price objective on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Bank of America boosted their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Stock Up 0.3 %

McDonald’s stock opened at $283.20 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The business has a fifty day moving average of $293.75 and a two-hundred day moving average of $286.65. The firm has a market cap of $202.95 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.95 and a beta of 0.73.

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, beating analysts’ consensus estimates of $3.18 by $0.05. The company 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 for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 earnings per share. Equities analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current year.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock valued at $2,829,428 in the last 90 days. 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.