Hennessy Advisors Inc. Makes New $1.87 Million Investment in McDonald’s Co. (NYSE:MCD)

Hennessy Advisors Inc. acquired a new stake in shares of McDonald’s Co. (NYSE:MCDFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,450 shares of the fast-food giant’s stock, valued at approximately $1,870,000.

Several other hedge funds have also recently modified their holdings of MCD. American Century Companies Inc. boosted its stake 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 buying an additional 915 shares during the last quarter. Brighton Jones LLC boosted its position in shares of McDonald’s by 8.4% during the 2nd quarter. Brighton Jones LLC now owns 8,291 shares of the fast-food giant’s stock valued at $2,113,000 after acquiring an additional 646 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of McDonald’s by 5.2% in the second quarter. Canada Pension Plan Investment Board now owns 684,471 shares of the fast-food giant’s stock valued at $174,431,000 after purchasing an additional 34,053 shares in the last quarter. Boston Research & Management Inc. increased its position in McDonald’s by 2.4% in the second quarter. Boston Research & Management Inc. now owns 24,939 shares of the fast-food giant’s stock worth $6,355,000 after purchasing an additional 592 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in McDonald’s by 10.1% during the second quarter. Thrivent Financial for Lutherans now owns 195,638 shares of the fast-food giant’s stock valued at $49,856,000 after purchasing an additional 17,995 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the business’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 in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the 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 completion of the sale, the insider now owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Up 0.4 %

Shares of MCD stock opened at $280.90 on Friday. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company’s 50 day moving average is $292.54 and its 200 day moving average is $286.97.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.82 billion. During the same period last year, the business posted $3.19 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MCD. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price objective on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and cut their target price for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Finally, Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

Check Out Our Latest Stock Report on McDonald’s

McDonald’s 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.

Further Reading

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

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