McDonald’s Co. (NYSE:MCD) Stake Raised by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,728 shares of the fast-food giant’s stock after buying an additional 613 shares during the quarter. Elevated Capital Advisors LLC’s holdings in McDonald’s were worth $1,370,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the 3rd quarter valued at about $31,000. Hara Capital LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth approximately $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on MCD shares. The Goldman Sachs Group lifted their price target on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. TD Cowen reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is owned by company insiders.

McDonald’s Trading Up 0.3 %

McDonald’s stock traded up $0.89 on Monday, reaching $283.20. 3,384,912 shares of the stock were exchanged, compared to its average volume of 2,860,747. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a fifty day moving average price of $293.94 and a two-hundred day moving average price of $286.47. The stock has a market cap of $202.95 billion, a PE ratio of 24.86, a PEG ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 negative return on equity of 175.42% and a net margin of 31.79%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.19 EPS. Equities analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

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.