Donor Advised Charitable Giving Inc. Takes $1.46 Million Position in McDonald’s Co. (NYSE:MCD)

Donor Advised Charitable Giving Inc. bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,025 shares of the fast-food giant’s stock, valued at approximately $1,457,000. McDonald’s makes up approximately 0.0% of Donor Advised Charitable Giving Inc.’s portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. boosted its holdings in shares of McDonald’s by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock worth $12,281,000 after purchasing an additional 915 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of McDonald’s by 10.1% in the second quarter. Thrivent Financial for Lutherans now owns 195,638 shares of the fast-food giant’s stock worth $49,856,000 after buying an additional 17,995 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of McDonald’s by 10.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 68,939 shares of the fast-food giant’s stock worth $17,568,000 after buying an additional 6,506 shares during the period. ProShare Advisors LLC lifted its position in McDonald’s by 12.0% during the second quarter. ProShare Advisors LLC now owns 845,870 shares of the fast-food giant’s stock valued at $215,562,000 after purchasing an additional 90,349 shares during the period. Finally, Holderness Investments Co. lifted its position in McDonald’s by 0.4% during the second quarter. Holderness Investments Co. now owns 12,595 shares of the fast-food giant’s stock valued at $3,210,000 after purchasing an additional 45 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 sale, 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 filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated 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 represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock valued at $2,829,428 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company increased their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. UBS Group lifted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Bank of America raised their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Trading Up 0.4 %

Shares of McDonald’s stock opened at $280.90 on Monday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm’s 50-day moving average price is $292.54 and its two-hundred day moving average price is $287.24. The stock has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts predict that McDonald’s Co. will post 11.73 EPS for the current 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.