Integrated Investment Consultants LLC Acquires 5,005 Shares of McDonald's Co. (NYSE:MCD)

Integrated Investment Consultants LLC grew its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 29.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,975 shares of the fast-food giant's stock after purchasing an additional 5,005 shares during the period. Integrated Investment Consultants LLC's holdings in McDonald's were worth $6,370,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the firm'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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business's stock in a transaction dated 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 $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is owned by corporate insiders.

McDonald's Stock Up 0.4 %

Shares of McDonald's stock traded up $1.16 during trading on Friday, reaching $280.90. 3,304,829 shares of the company were exchanged, compared to its average volume of 2,456,984. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The business has a 50-day moving average price of $292.54 and a 200-day moving average price of $287.24. The firm has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly 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. The company had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald's's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.19 EPS. On average, equities research analysts forecast that McDonald's Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MCD. TD Cowen restated a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Tuesday, October 29th. BMO Capital Markets lifted their price objective on McDonald's from $315.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on shares of McDonald's from $284.00 to $325.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Citigroup raised shares of McDonald's from a "neutral" rating to a "buy" rating and increased their price target for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. Finally, Evercore ISI lifted their price objective on McDonald's from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $321.39.

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.