McDonald’s Co. (NYSE:MCD) Shares Bought by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCDFree Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,526 shares of the fast-food giant’s stock after buying an additional 179 shares during the period. McDonald’s makes up 1.0% of Phillips Wealth Planners LLC’s holdings, making the stock its 24th largest position. Phillips Wealth Planners LLC’s holdings in McDonald’s were worth $995,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Kennebec Savings Bank purchased a new stake in McDonald’s during the 3rd quarter valued at about $1,394,000. Charles Schwab Investment Management Inc. grew its stake in McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares during the last quarter. Weiss Asset Management LP purchased a new stake in McDonald’s during the 3rd quarter valued at about $16,870,000. Finally, PFW Advisors LLC purchased a new stake in McDonald’s during the 4th quarter valued at about $2,471,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $281.30 on Thursday. The business has a 50 day simple moving average of $291.81 and a two-hundred day simple moving average of $287.95. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market capitalization of $201.58 billion, a P/E ratio of 24.70, a PEG ratio of 3.68 and a beta of 0.73.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $6.82 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research analyst reports. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Bank of America upped their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Barclays upped their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $321.22.

Check Out Our Latest Stock Analysis on MCD

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,605 shares of company stock valued at $2,508,102. 0.23% of the stock is currently owned by insiders.

About McDonald’s

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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