HB Wealth Management LLC Increases Stock Position in McDonald's Co. (NYSE:MCD)

HB Wealth Management LLC grew its position in McDonald's Co. (NYSE:MCD - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,952 shares of the fast-food giant's stock after acquiring an additional 3,795 shares during the quarter. HB Wealth Management LLC's holdings in McDonald's were worth $18,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MCD. American Century Companies Inc. grew its position in shares of McDonald's by 1.9% in the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant's stock valued at $12,281,000 after purchasing an additional 915 shares in the last quarter. Brighton Jones LLC increased its stake in shares of McDonald's by 8.4% in the 2nd quarter. Brighton Jones LLC now owns 8,291 shares of the fast-food giant's stock worth $2,113,000 after acquiring an additional 646 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of McDonald's by 5.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 684,471 shares of the fast-food giant's stock worth $174,431,000 after acquiring an additional 34,053 shares during the period. Boston Research & Management Inc. boosted its position in shares of McDonald's by 2.4% during the 2nd quarter. Boston Research & Management Inc. now owns 24,939 shares of the fast-food giant's stock valued at $6,355,000 after acquiring an additional 592 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of McDonald's by 10.1% in the second quarter. Thrivent Financial for Lutherans now owns 195,638 shares of the fast-food giant's stock valued at $49,856,000 after purchasing an additional 17,995 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Trading Up 0.4 %

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. McDonald's Co. has a twelve month low of $243.53 and a twelve 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 $287.24. The company has a market capitalization of $201.30 billion, a PE ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates 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 period last year, the business earned $3.19 EPS. Sell-side analysts predict that McDonald's Co. will post 11.73 EPS for the current fiscal year.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, 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 position. 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 over the last ninety days. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MCD. Argus upgraded shares of McDonald's from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Wedbush reissued an "outperform" rating and set a $295.00 target price on shares of McDonald's in a research note on Wednesday, October 23rd. Loop Capital restated a "buy" rating and issued a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. UBS Group increased their price target on McDonald's from $305.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their target price on shares of McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and an average target price 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.