McDonald’s Co. (NYSE:MCD) Shares Purchased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,912 shares of the fast-food giant’s stock after buying an additional 143 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in McDonald’s were worth $1,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s in the third quarter worth about $31,000. Hara Capital LLC purchased a new stake in McDonald’s in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s in the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s during the 3rd quarter worth approximately $72,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $284.49 on Friday. The business’s 50 day moving average price is $291.49 and its 200-day moving average price is $287.90. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market capitalization of $203.87 billion, a PE ratio of 24.98, a P/E/G ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current year.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Morgan Stanley decreased their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday. Bank of America raised their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.22.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,605 shares of company stock valued at $2,508,102. 0.23% of the stock is currently owned by insiders.

McDonald’s Company 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.