Revolve Wealth Partners LLC Boosts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Revolve Wealth Partners LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,942 shares of the fast-food giant’s stock after acquiring an additional 52 shares during the period. Revolve Wealth Partners LLC’s holdings in McDonald’s were worth $563,000 at the end of the most recent quarter.

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

McDonald’s Stock Up 2.7 %

Shares of NYSE MCD opened at $293.16 on Tuesday. The stock has a market cap of $210.08 billion, a P/E ratio of 25.74, a P/E/G ratio of 3.66 and a beta of 0.73. The firm’s 50-day simple moving average is $291.07 and its 200 day simple moving average is $288.70. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

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

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock worth $2,592,327 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. TD Cowen reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Citigroup raised their target price on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research report on Tuesday. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $320.87.

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.