Diversify Wealth Management LLC Has $3.43 Million Stock Holdings in McDonald's Co. (NYSE:MCD)

Diversify Wealth Management LLC grew its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 80.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,145 shares of the fast-food giant's stock after purchasing an additional 5,430 shares during the quarter. Diversify Wealth Management LLC's holdings in McDonald's were worth $3,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Kennebec Savings Bank acquired a new position in McDonald's in the 3rd quarter valued at $1,394,000. Charles Schwab Investment Management Inc. lifted its position in shares of McDonald's by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock worth $1,694,403,000 after acquiring an additional 49,106 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of McDonald's by 58.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant's stock worth $35,194,000 after purchasing an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in shares of McDonald's by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock valued at $14,978,000 after purchasing an additional 2,997 shares during the period. Finally, Weiss Asset Management LP acquired a new position in shares of McDonald's in the third quarter valued at $16,870,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Up 0.4 %

McDonald's stock traded up $1.16 during mid-day trading on Monday, hitting $280.90. The stock had a trading volume of 3,304,829 shares, compared to its average volume of 2,456,984. The stock has a market capitalization of $201.30 billion, a PE ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a 50-day simple moving average of $292.54 and a two-hundred day simple moving average of $287.50.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $6.82 billion. During the same quarter in the previous year, the company earned $3.19 EPS. McDonald's's revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that McDonald's Co. will post 11.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on MCD. Evercore ISI lifted their price target on shares of McDonald's from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Baird R W cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. KeyCorp raised their price target on shares of McDonald's from $305.00 to $330.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Argus upgraded McDonald's from a "hold" rating to a "buy" rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price target on McDonald's from $285.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $321.39.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction on 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 transaction, the insider now directly owns 10,385 shares of the company's stock, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,704 shares of company stock worth $2,829,428. Insiders own 0.23% of the company's stock.

About McDonald's

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.