McDonald’s Co. (NYSE:MCD) Shares Acquired by Lynch & Associates IN

Lynch & Associates IN raised its stake in McDonald’s Co. (NYSE:MCD) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,334 shares of the fast-food giant’s stock after buying an additional 156 shares during the period. McDonald’s makes up approximately 2.1% of Lynch & Associates IN’s holdings, making the stock its 12th largest holding. Lynch & Associates IN’s holdings in McDonald’s were worth $9,663,000 at the end of the most recent reporting period.

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

McDonald’s Stock Performance

Shares of MCD traded down $4.68 during mid-day trading on Friday, reaching $282.22. The company had a trading volume of 3,858,116 shares, compared to its average volume of 3,030,898. The company’s 50 day simple moving average is $294.20 and its 200 day simple moving average is $285.92. The company has a market capitalization of $202.24 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) 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 the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.19 EPS. As a group, equities analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MCD shares. Bank of America lifted their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their target price on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets upped 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. Evercore ISI raised their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, UBS Group raised their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Activity

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. This trade represents a 44.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were 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 in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,050 shares of company stock valued at $3,556,688 in the last ninety days. 0.23% of the stock is owned by company insiders.

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.