McDonald's Co. (NYSE:MCD) Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,702 shares of the fast-food giant's stock after buying an additional 1,436 shares during the period. McDonald's accounts for about 0.5% of Sax Wealth Advisors LLC's investment portfolio, making the stock its 28th biggest holding. Sax Wealth Advisors LLC's holdings in McDonald's were worth $6,871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Somerset Trust Co increased its holdings in shares of McDonald's by 2.1% in the fourth quarter. Somerset Trust Co now owns 17,546 shares of the fast-food giant's stock valued at $5,086,000 after purchasing an additional 361 shares during the period. Merit Financial Group LLC boosted its position in McDonald's by 15.8% in the fourth quarter. Merit Financial Group LLC now owns 25,926 shares of the fast-food giant's stock valued at $7,516,000 after buying an additional 3,533 shares during the last quarter. Butensky & Cohen Financial Security Inc. purchased a new stake in McDonald's in the fourth quarter valued at approximately $2,504,000. First National Bank of Mount Dora Trust Investment Services raised its position in McDonald's by 0.7% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,921 shares of the fast-food giant's stock worth $3,746,000 after buying an additional 88 shares during the last quarter. Finally, Chemistry Wealth Management LLC raised its position in McDonald's by 13.9% during the 4th quarter. Chemistry Wealth Management LLC now owns 1,657 shares of the fast-food giant's stock worth $480,000 after buying an additional 202 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the 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 completion of the sale, 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 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 in the last three months. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a report on Tuesday, September 24th. TD Cowen reiterated a "hold" rating and set a $300.00 price objective on shares of McDonald's in a research note on Tuesday, October 29th. Baird R W cut McDonald's from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Argus raised McDonald's from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Finally, Barclays lifted their price target on McDonald's from $300.00 to $325.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and a consensus target price of $321.39.

McDonald's Price Performance

MCD traded up $1.16 on Friday, reaching $280.90. 3,304,829 shares of the company's stock were exchanged, 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 market cap of $201.30 billion, a PE ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. The stock's fifty day moving average price is $292.54 and its 200-day moving average price is $286.97.

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

McDonald's Company 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.