McDonald's Co. (NYSE:MCD) Shares Acquired by Whitener Capital Management Inc.

Whitener Capital Management Inc. raised its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,873 shares of the fast-food giant's stock after acquiring an additional 1,404 shares during the quarter. McDonald's makes up about 2.3% of Whitener Capital Management Inc.'s investment portfolio, making the stock its 10th biggest position. Whitener Capital Management Inc.'s holdings in McDonald's were worth $8,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in McDonald's in the third quarter worth about $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald's in the third quarter worth about $31,000. Hara Capital LLC purchased a new position in McDonald's in the third quarter worth about $44,000. Peterson Financial Group Inc. purchased a new position in McDonald's in the third quarter worth about $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald's in the third quarter worth about $72,000. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets raised their price objective on shares of McDonald's from $315.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Morgan Stanley raised their price objective on shares of McDonald's from $296.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. TD Cowen reissued a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Tuesday, October 29th. Evercore ISI raised their price objective 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. Finally, Bank of America raised their price objective on shares of McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Ten equities research 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $321.39.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the company's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company's stock, valued at approximately $3,036,366.30. This represents a 9.57 % 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, EVP Desiree Ralls-Morrison sold 3,409 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 over the last ninety days. 0.23% of the stock is currently owned by insiders.

McDonald's Price Performance

NYSE MCD traded up $1.16 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. The business's fifty day moving average price is $292.54 and its 200 day moving average price is $287.24. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (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 business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the company earned $3.19 earnings per share. The business's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that McDonald's Co. will post 11.73 EPS for the current year.

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.