Albert D Mason Inc. Raises Stock Holdings in McDonald's Co. (NYSE:MCD)

Albert D Mason Inc. increased its stake in McDonald's Co. (NYSE:MCD - Free Report) by 30.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,640 shares of the fast-food giant's stock after buying an additional 1,785 shares during the period. McDonald's accounts for about 1.5% of Albert D Mason Inc.'s portfolio, making the stock its 16th largest position. Albert D Mason Inc.'s holdings in McDonald's were worth $2,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the business'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 transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction 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 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 ninety days. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on MCD shares. Evercore ISI boosted their price target on McDonald's from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Citigroup raised shares of McDonald's from a "neutral" rating to a "buy" rating and raised their target price for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Guggenheim lowered shares of McDonald's from a "buy" rating to a "neutral" rating and lowered their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a research note on Tuesday, September 24th. 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 analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $321.39.

McDonald's Price Performance

NYSE MCD traded up $1.16 during mid-day trading on Friday, hitting $280.90. The stock had a trading volume of 3,304,829 shares, compared to its average volume of 2,456,984. The firm's 50 day moving average is $292.54 and its 200 day moving average is $286.97. The stock has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results 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 business had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.82 billion. During the same period in the prior year, the business earned $3.19 earnings per share. The company's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that McDonald's Co. will post 11.73 earnings per share for the current year.

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.