Mayfair Advisory Group LLC Boosts Holdings in McDonald’s Co. (NYSE:MCD)

Mayfair Advisory Group LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,695 shares of the fast-food giant’s stock after purchasing an additional 116 shares during the period. Mayfair Advisory Group LLC’s holdings in McDonald’s were worth $781,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in McDonald’s in the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the 3rd quarter worth approximately $31,000. Hara Capital LLC acquired a new position in McDonald’s during the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s in the third quarter worth $58,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of McDonald’s during the third quarter worth $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 in the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.8 %

Shares of NYSE MCD opened at $281.40 on Wednesday. The company has a 50-day moving average of $293.43 and a 200 day moving average of $286.83. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. 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 (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 earnings per share. On average, sell-side analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Analysts Set New Price Targets

MCD has been the topic of a number of research reports. KeyCorp increased their price objective on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Barclays increased their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their target price 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 research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

About McDonald’s

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.