McDonald's Co. (NYSE:MCD) Shares Purchased by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC raised its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 145.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,507 shares of the fast-food giant's stock after acquiring an additional 2,080 shares during the period. Dumont & Blake Investment Advisors LLC's holdings in McDonald's were worth $1,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCD. Geode Capital Management LLC grew its holdings in shares of McDonald's by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant's stock valued at $4,833,510,000 after buying an additional 220,365 shares in the last quarter. Wellington Management Group LLP raised its holdings in McDonald's by 0.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant's stock valued at $4,592,892,000 after acquiring an additional 128,800 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. Janus Henderson Group PLC raised its holdings in McDonald's by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant's stock valued at $841,966,000 after acquiring an additional 19,867 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of McDonald's by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant's stock valued at $706,202,000 after purchasing an additional 2,311,721 shares during the period. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Evercore ISI increased their price target on McDonald's from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Barclays increased their price target on McDonald's from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Baird R W lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Wedbush restated an "outperform" rating and set a $295.00 price target on shares of McDonald's in a research report on Wednesday, October 23rd. Finally, Morgan Stanley reduced their price objective on McDonald's from $340.00 to $336.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $320.87.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company's stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. Corporate insiders own 0.23% of the company's stock.

McDonald's Trading Up 0.0 %

NYSE MCD opened at $290.19 on Friday. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a 50 day moving average of $291.11 and a 200-day moving average of $289.24. The company has a market cap of $207.96 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.85 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 for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $6.82 billion. During the same period in the previous year, the business earned $3.19 earnings per share. The firm's quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that McDonald's Co. will post 11.68 earnings per share 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.

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