Brighton Jones LLC Boosts Stock Position in McDonald’s Co. (NYSE:MCD)

Brighton Jones LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 21.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,286 shares of the fast-food giant’s stock after buying an additional 1,649 shares during the period. Brighton Jones LLC’s holdings in McDonald’s were worth $2,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in MCD. Fred Alger Management LLC raised its stake in McDonald’s by 5.9% in the 2nd quarter. Fred Alger Management LLC now owns 17,555 shares of the fast-food giant’s stock valued at $4,474,000 after purchasing an additional 985 shares during the last quarter. AXA S.A. raised its position in shares of McDonald’s by 1.8% in the second quarter. AXA S.A. now owns 180,537 shares of the fast-food giant’s stock valued at $46,008,000 after buying an additional 3,202 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of McDonald’s by 8.0% in the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after buying an additional 354,196 shares in the last quarter. DoubleLine ETF Adviser LP acquired a new position in McDonald’s during the second quarter worth about $3,774,000. Finally, MBB Public Markets I LLC grew its stake in McDonald’s by 2,268.8% during the 2nd quarter. MBB Public Markets I LLC now owns 51,284 shares of the fast-food giant’s stock valued at $13,069,000 after acquiring an additional 49,119 shares in the last quarter. Institutional investors and hedge funds 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 stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,605 shares of company stock valued at $2,508,102 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.1 %

McDonald’s stock opened at $284.49 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a market cap of $203.87 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. The company’s 50 day moving average is $291.49 and its two-hundred day moving average is $287.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (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 business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the firm earned $3.19 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Bank of America lifted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. KeyCorp lifted their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $321.22.

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.