McDonald’s Co. (NYSE:MCD) is Brookmont Capital Management’s 9th Largest Position

Brookmont Capital Management reduced its position in McDonald’s Co. (NYSE:MCD) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,248 shares of the fast-food giant’s stock after selling 359 shares during the period. McDonald’s makes up about 2.4% of Brookmont Capital Management’s holdings, making the stock its 9th biggest holding. Brookmont Capital Management’s holdings in McDonald’s were worth $4,420,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the third quarter worth about $31,000. Hara Capital LLC bought a new position in shares of McDonald’s during the third quarter worth about $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the third quarter worth about $58,000. Finally, FSA Wealth Management LLC bought a new position in shares of McDonald’s during the third quarter worth about $72,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America increased their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. BMO Capital Markets raised their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the transaction, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock valued at $2,829,428 in the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock opened at $280.90 on Tuesday. The company has a 50 day moving average price of $292.54 and a 200 day moving average price of $287.50. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.65 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $3.19 EPS. Equities analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal 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.