Wynn Capital LLC Purchases 75 Shares of McDonald’s Co. (NYSE:MCD)

Wynn Capital LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,180 shares of the fast-food giant’s stock after acquiring an additional 75 shares during the quarter. Wynn Capital LLC’s holdings in McDonald’s were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. International Assets Investment Management LLC raised its position in McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after purchasing an additional 2,311,721 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after purchasing an additional 677,139 shares in the last quarter. Mondrian Investment Partners LTD bought a new stake in shares of McDonald’s in the second quarter valued at about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $121,254,000. Finally, Ameriprise Financial Inc. lifted its holdings in McDonald’s by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after buying an additional 354,196 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

NYSE:MCD opened at $281.40 on Wednesday. The stock has a 50 day moving average price of $293.43 and a 200 day moving average price of $286.83. The stock has a market cap of $201.66 billion, a PE ratio of 24.71, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly 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. The business 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 business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.19 EPS. As a group, analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Evercore ISI upped their price objective 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. Bank of America upped their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets raised their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred 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 directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by 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.