InTrack Investment Management Inc Increases Position in McDonald's Co. (NYSE:MCD)

InTrack Investment Management Inc increased its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 63.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,109 shares of the fast-food giant's stock after buying an additional 2,368 shares during the period. McDonald's comprises approximately 1.2% of InTrack Investment Management Inc's investment portfolio, making the stock its 26th biggest holding. InTrack Investment Management Inc's holdings in McDonald's were worth $1,720,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in McDonald's by 1.9% during 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 acquiring an additional 915 shares during the last quarter. Brighton Jones LLC boosted its position 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 purchasing an additional 646 shares in the last quarter. Trust Investment Advisors purchased a new position in McDonald's during the 2nd quarter worth $328,000. Wealth Advisors of Tampa Bay LLC increased its position in McDonald's by 12.1% during the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 17,446 shares of the fast-food giant's stock valued at $4,446,000 after buying an additional 1,880 shares in the last quarter. Finally, Retirement Investment Advisors Inc. acquired a new position in McDonald's during the 2nd quarter valued at about $248,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insiders Place Their Bets

In other McDonald's news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm's stock in a transaction on Monday, December 30th. The stock was 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company's stock.

McDonald's Price Performance

McDonald's stock traded up $1.16 during midday trading on Friday, reaching $280.90. The company had a trading volume of 3,304,829 shares, compared to its average volume of 2,456,984. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. The firm's fifty day simple moving average is $292.54 and its 200-day simple moving average is $287.24.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The business's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 earnings per share. On average, analysts expect that McDonald's Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MCD. Loop Capital restated a "buy" rating and set a $342.00 price target on shares of McDonald's in a research note on Friday, January 3rd. Wells Fargo & Company raised their price target on shares of McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. BMO Capital Markets boosted their price objective on shares of McDonald's from $315.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Baird R W lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Finally, Bank of America lifted their price target on McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.