Valicenti Advisory Services Inc. Acquires 77 Shares of McDonald’s Co. (NYSE:MCD)

Valicenti Advisory Services Inc. increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,756 shares of the fast-food giant’s stock after purchasing an additional 77 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in McDonald’s were worth $3,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Strategic Blueprint LLC raised its position in McDonald’s by 1.0% in the 4th quarter. Strategic Blueprint LLC now owns 4,521 shares of the fast-food giant’s stock worth $1,311,000 after buying an additional 44 shares during the last quarter. Iams Wealth Management LLC grew its stake in shares of McDonald’s by 2.5% in the fourth quarter. Iams Wealth Management LLC now owns 6,531 shares of the fast-food giant’s stock worth $1,894,000 after acquiring an additional 158 shares during the period. Masso Torrence Wealth Management Inc. raised its holdings in shares of McDonald’s by 7.5% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 1,375 shares of the fast-food giant’s stock valued at $399,000 after purchasing an additional 96 shares during the last quarter. Forsta AP Fonden lifted its position in McDonald’s by 3.7% during the fourth quarter. Forsta AP Fonden now owns 209,500 shares of the fast-food giant’s stock valued at $60,732,000 after purchasing an additional 7,400 shares during the period. Finally, Nvest Financial LLC boosted its holdings in McDonald’s by 25.2% in the fourth quarter. Nvest Financial LLC now owns 3,068 shares of the fast-food giant’s stock worth $889,000 after purchasing an additional 618 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MCD shares. Barclays increased their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Wedbush reaffirmed an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. TD Cowen restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, Morgan Stanley reduced their target price on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Ten investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, 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. Insiders sold 8,905 shares of company stock worth $2,592,327 in the last quarter. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

MCD opened at $292.71 on Wednesday. The stock has a market capitalization of $209.76 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a fifty day moving average of $291.12 and a 200 day moving average of $289.23.

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. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business posted $3.19 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current year.

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.