McDonald’s Co. (NYSE:MCD) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management increased its holdings in McDonald’s Co. (NYSE:MCD) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,430 shares of the fast-food giant’s stock after acquiring an additional 1,532 shares during the quarter. Dakota Wealth Management’s holdings in McDonald’s were worth $10,851,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the 3rd quarter valued at $31,000. Hara Capital LLC acquired a new position in McDonald’s in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s in the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC acquired a new position in McDonald’s in the 3rd quarter valued at $72,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.7 %

MCD opened at $282.85 on Wednesday. The firm has a market capitalization of $202.69 billion, a P/E ratio of 24.83, a P/E/G ratio of 3.65 and a beta of 0.73. The firm’s 50 day moving average is $292.12 and its 200-day moving average is $287.72. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Morgan Stanley dropped their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday. Loop Capital reissued a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $321.22.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,605 shares of company stock valued at $2,508,102 over the last 90 days. 0.23% of the stock is owned by company insiders.

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.