Thurston Springer Miller Herd & Titak Inc. Grows Stake in McDonald’s Co. (NYSE:MCD)

Thurston Springer Miller Herd & Titak Inc. grew its position in McDonald’s Co. (NYSE:MCD) by 45.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,899 shares of the fast-food giant’s stock after buying an additional 4,061 shares during the quarter. McDonald’s accounts for 0.8% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 19th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in McDonald’s were worth $3,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kennebec Savings Bank purchased a new stake in McDonald’s during the third quarter worth $1,394,000. Charles Schwab Investment Management Inc. lifted its stake in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in McDonald’s by 58.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after purchasing an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in McDonald’s in the third quarter worth about $16,870,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,704 shares of company stock valued at $2,829,428. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.8 %

Shares of MCD opened at $281.40 on Wednesday. The stock’s 50-day moving average price is $293.43 and its 200-day moving average price is $286.83. The company has a market capitalization of $201.66 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its 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. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $3.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group raised 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. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Morgan Stanley increased their price objective on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price target on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

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.