Graves Light Lenhart Wealth Inc. Has $785,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Graves Light Lenhart Wealth Inc. decreased its stake in McDonald’s Co. (NYSE:MCD) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,708 shares of the fast-food giant’s stock after selling 72 shares during the quarter. Graves Light Lenhart Wealth Inc.’s holdings in McDonald’s were worth $785,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MRA Advisory Group acquired a new position in shares of McDonald’s in the fourth quarter worth about $236,000. PCA Investment Advisory Services Inc. lifted its position in shares of McDonald’s by 10.6% in the 4th quarter. PCA Investment Advisory Services Inc. now owns 2,304 shares of the fast-food giant’s stock valued at $668,000 after acquiring an additional 221 shares in the last quarter. Signal Advisors Wealth LLC boosted its stake in McDonald’s by 2.9% in the 4th quarter. Signal Advisors Wealth LLC now owns 8,784 shares of the fast-food giant’s stock worth $2,547,000 after purchasing an additional 244 shares during the period. Shira Ridge Wealth Management grew its position in McDonald’s by 6.9% during the 4th quarter. Shira Ridge Wealth Management now owns 713 shares of the fast-food giant’s stock worth $207,000 after purchasing an additional 46 shares in the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new stake in McDonald’s during the 4th quarter valued at $670,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 in the last 90 days. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Up 0.3 %

NYSE MCD opened at $283.20 on Tuesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a fifty day simple moving average of $293.75 and a 200 day simple moving average of $286.65. The company has a market cap of $202.95 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly 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 analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.19 earnings per share. Equities research analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCD. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target 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.