CCLA Investment Management Purchases 21,153 Shares of McDonald's Co. (NYSE:MCD)

CCLA Investment Management grew its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 421,233 shares of the fast-food giant's stock after buying an additional 21,153 shares during the quarter. McDonald's accounts for approximately 1.9% of CCLA Investment Management's portfolio, making the stock its 24th largest holding. CCLA Investment Management owned about 0.06% of McDonald's worth $122,111,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MCD. Legacy Investment Solutions LLC purchased a new position in McDonald's in the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald's in the third quarter worth approximately $31,000. Hara Capital LLC purchased a new position in shares of McDonald's in the third quarter worth $44,000. Peterson Financial Group Inc. bought a new stake in McDonald's during the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC purchased a new stake in McDonald's during the 3rd quarter valued at $72,000. Hedge funds and other institutional investors 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 on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares of the company's stock, valued at $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on MCD. BMO Capital Markets boosted their price objective on shares of McDonald's from $315.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Argus raised McDonald's from a "hold" rating to a "buy" rating in a research report on Tuesday, October 8th. Guggenheim lowered McDonald's from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Robert W. Baird downgraded McDonald's from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, Evercore ISI raised their price target on McDonald's from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and an average price target of $321.39.

McDonald's Price Performance

MCD stock traded down $0.06 on Wednesday, reaching $281.52. 518,224 shares of the company traded hands, compared to its average volume of 2,704,011. The firm has a fifty day simple moving average of $293.43 and a 200-day simple moving average of $286.83. The company has a market cap of $201.74 billion, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald's Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The company's revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $3.19 earnings per share. On average, sell-side analysts forecast that McDonald's Co. will post 11.75 EPS for the current year.

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.