McDonald’s Co. (NYSE:MCD) Position Boosted by Hengehold Capital Management LLC

Hengehold Capital Management LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 2.9% in the fourth quarter, Holdings Channel reports. The firm owned 13,456 shares of the fast-food giant’s stock after buying an additional 379 shares during the period. Hengehold Capital Management LLC’s holdings in McDonald’s were worth $3,901,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MCD. Smallwood Wealth Investment Management LLC boosted its holdings in shares of McDonald’s by 7.4% during the 4th quarter. Smallwood Wealth Investment Management LLC now owns 722 shares of the fast-food giant’s stock worth $209,000 after buying an additional 50 shares during the period. Lifestyle Asset Management Inc. lifted its holdings in shares of McDonald’s by 7.3% during the 4th quarter. Lifestyle Asset Management Inc. now owns 790 shares of the fast-food giant’s stock worth $229,000 after acquiring an additional 54 shares during the period. Apeiron RIA LLC grew its position in McDonald’s by 29.3% in the fourth quarter. Apeiron RIA LLC now owns 1,334 shares of the fast-food giant’s stock valued at $387,000 after acquiring an additional 302 shares during the period. Secure Asset Management LLC boosted its position in McDonald’s by 3.1% in the fourth quarter. Secure Asset Management LLC now owns 7,520 shares of the fast-food giant’s stock valued at $2,180,000 after buying an additional 223 shares in the last quarter. Finally, Verde Capital Management acquired a new stake in McDonald’s during the 4th quarter valued at $477,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on MCD shares. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. 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 research report on Wednesday, October 23rd. Barclays lifted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Evercore ISI upped their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley decreased their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $321.22.

McDonald’s Price Performance

Shares of NYSE MCD opened at $284.49 on Friday. The firm has a market cap of $203.87 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. The company has a 50 day simple moving average of $291.49 and a 200 day simple moving average of $287.90. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the firm earned $3.19 earnings per share. McDonald’s’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that McDonald’s Co. will post 11.72 earnings per share 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.