Paragon Private Wealth Management LLC Increases Stake in McDonald’s Co. (NYSE:MCD)

Paragon Private Wealth Management LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCDFree Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,652 shares of the fast-food giant’s stock after acquiring an additional 172 shares during the period. Paragon Private Wealth Management LLC’s holdings in McDonald’s were worth $786,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Independent Wealth Network Inc. lifted its holdings in shares of McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after acquiring an additional 35 shares during the period. Paragon Capital Management Ltd lifted its holdings in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after acquiring an additional 36 shares during the period. Mechanics Financial Corp lifted its holdings in shares of McDonald’s by 0.7% during the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after acquiring an additional 36 shares during the period. Unique Wealth LLC raised its holdings in McDonald’s by 1.2% in the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after buying an additional 38 shares during the period. Finally, Patron Partners LLC raised its holdings in McDonald’s by 0.7% in the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after buying an additional 38 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on MCD shares. Robert W. Baird cut their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Stephens restated an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a report on Monday, February 5th. Morgan Stanley cut their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Royal Bank of Canada dropped their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $317.74.

Read Our Latest Analysis on MCD

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Insiders have sold 2,997 shares of company stock valued at $836,300 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock traded down $1.13 during trading hours on Friday, reaching $272.38. The stock had a trading volume of 2,454,570 shares, compared to its average volume of 3,564,655. The firm has a market capitalization of $196.30 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 3.04 and a beta of 0.71. The firm has a 50-day simple moving average of $275.14 and a 200-day simple moving average of $283.65. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. During the same quarter in the previous year, the business posted $2.63 EPS. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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