Shira Ridge Wealth Management Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Shira Ridge Wealth Management boosted its position in McDonald’s Co. (NYSE:MCD) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 713 shares of the fast-food giant’s stock after purchasing an additional 46 shares during the quarter. Shira Ridge Wealth Management’s holdings in McDonald’s were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Kennebec Savings Bank purchased a new stake in shares of McDonald’s in the third quarter valued at about $1,394,000. Charles Schwab Investment Management Inc. grew its holdings in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after buying an additional 51,210 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of McDonald’s by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after acquiring an additional 2,997 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of McDonald’s during the third quarter worth $16,870,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the 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 completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.3 %

MCD stock opened at $283.20 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a 50 day moving average of $293.75 and a two-hundred day moving average of $286.65. The company has a market capitalization of $202.95 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the company earned $3.19 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MCD shares. KeyCorp increased their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. The Goldman Sachs Group lifted their target price on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Barclays boosted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

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.