McDonald's Co. (NYSE:MCD) Shares Purchased by Corundum Group Inc.

Corundum Group Inc. increased its position in McDonald's Co. (NYSE:MCD - Free Report) by 51.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,395 shares of the fast-food giant's stock after acquiring an additional 1,841 shares during the period. Corundum Group Inc.'s holdings in McDonald's were worth $1,564,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other McDonald's news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 in the last three months. Corporate insiders own 0.23% of the company's stock.

McDonald's Stock Up 0.4 %

MCD stock traded up $1.16 during trading on Monday, hitting $280.90. The company had a trading volume of 3,304,829 shares, compared to its average volume of 2,456,984. The firm has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a 50 day simple moving average of $292.54 and a 200-day simple moving average of $287.50.

McDonald's (NYSE:MCD - Get Free Report) last posted 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 net margin of 31.79% and a negative return on equity of 175.42%. The company's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 earnings per share. Sell-side analysts forecast that McDonald's Co. will post 11.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MCD. Loop Capital reaffirmed a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a research note on Friday, January 3rd. Citigroup raised shares of McDonald's from a "neutral" rating to a "buy" rating and upped their target price for the stock from $311.00 to $334.00 in a report on Friday, January 10th. TD Cowen reissued a "hold" rating and set a $300.00 price target on shares of McDonald's in a report on Tuesday, October 29th. Wells Fargo & Company increased their target price on McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, UBS Group upped their price target on McDonald's from $305.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.39.

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.