Pines Wealth Management LLC Invests $1.25 Million in McDonald's Co. (NYSE:MCD)

Pines Wealth Management LLC acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,434 shares of the fast-food giant's stock, valued at approximately $1,252,000.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its holdings 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 worth $706,202,000 after purchasing an additional 2,311,721 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in McDonald's by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock valued at $244,174,000 after buying an additional 677,139 shares during the period. Mondrian Investment Partners LTD acquired a new position in McDonald's during the second quarter valued at approximately $110,321,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in McDonald's during the third quarter worth approximately $121,254,000. Finally, Ameriprise Financial Inc. increased its position in shares of McDonald's by 8.0% in the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant's stock worth $1,216,677,000 after acquiring an additional 354,196 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Stock Up 0.7 %

NYSE:MCD opened at $283.60 on Wednesday. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market cap of $203.23 billion, a PE ratio of 24.90, a P/E/G ratio of 3.95 and a beta of 0.73. The business's 50 day moving average is $293.43 and its two-hundred day moving average is $286.83.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The firm's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.19 earnings per share. As a group, sell-side analysts expect that McDonald's Co. will post 11.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MCD shares. Argus upgraded shares of McDonald's from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Evercore ISI boosted their price objective on McDonald's from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. BMO Capital Markets increased their target price on McDonald's from $315.00 to $335.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Wedbush reissued an "outperform" rating and set a $295.00 price target on shares of McDonald's in a research report on Wednesday, October 23rd. Finally, TD Cowen reaffirmed a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.39.

Insider Buying and Selling at McDonald's

In other news, EVP Marion K. Gross sold 1,499 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company'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 completion of the sale, the executive vice president now directly owns 9,675 shares of the company's stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock worth $2,829,428 over the last ninety days. Company insiders own 0.23% of the company's stock.

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.