3,236 Shares in McDonald’s Co. (NYSE:MCD) Bought by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. bought a new stake in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,236 shares of the fast-food giant’s stock, valued at approximately $959,000. McDonald’s comprises 0.9% of Patrick M Sweeney & Associates Inc.’s portfolio, making the stock its 29th largest position.

Several other institutional investors have also recently bought and sold shares of the business. Signature Resources Capital Management LLC bought a new position in McDonald’s in the 4th quarter valued at approximately $31,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s during the 3rd quarter valued at $33,000. Keener Financial Planning LLC bought a new stake in McDonald’s during the 4th quarter worth $39,000. Finally, Bear Mountain Capital Inc. acquired a new position in McDonald’s in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley decreased their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Robert W. Baird cut their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. TD Cowen restated a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a report on Tuesday, April 30th. Finally, Royal Bank of Canada reduced their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $317.74.

McDonald’s Price Performance

Shares of MCD stock traded up $0.99 on Wednesday, hitting $268.49. The stock had a trading volume of 3,245,668 shares, compared to its average volume of 3,309,152. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The stock has a market cap of $193.58 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. The business has a 50 day moving average of $278.43 and a 200 day moving average of $282.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 EPS. As a group, research analysts expect that McDonald’s Co. will post 12.18 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.