Charles Schwab Investment Management Inc. Acquires 35,639 Shares of McDonald’s Co. (NYSE:MCD)

Charles Schwab Investment Management Inc. grew its holdings in McDonald’s Co. (NYSE:MCD) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,425,674 shares of the fast-food giant’s stock after acquiring an additional 35,639 shares during the period. Charles Schwab Investment Management Inc.’s holdings in McDonald’s were worth $1,589,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new stake in McDonald’s during the 4th quarter valued at $31,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after buying an additional 42 shares during the period. Spartan Planning & Wealth Management acquired a new position in McDonald’s in the 3rd quarter valued at about $33,000. Keener Financial Planning LLC bought a new position in McDonald’s in the 4th quarter valued at about $39,000. Finally, Bear Mountain Capital Inc. bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $43,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 0.3 %

McDonald’s stock traded up $0.67 during trading hours on Wednesday, hitting $268.17. The stock had a trading volume of 1,537,767 shares, compared to its average volume of 3,289,374. The stock has a market capitalization of $193.35 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. The stock’s 50-day moving average price is $278.43 and its 200-day moving average price is $282.90. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $2.63 earnings per share. On average, research analysts expect that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on MCD shares. Wedbush reduced their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Royal Bank of Canada cut their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Bank of America boosted their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Stephens reaffirmed an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a report on Monday, February 5th. Finally, Morgan Stanley dropped their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Nine research analysts have rated the stock with a hold rating and twenty have assigned 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 $317.74.

Insider Buying and Selling

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

About McDonald’s

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.