McDonald’s Co. (NYSE:MCD) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management grew its position in McDonald’s Co. (NYSE:MCD) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,250 shares of the fast-food giant’s stock after buying an additional 832 shares during the quarter. Ritholtz Wealth Management’s holdings in McDonald’s were worth $3,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC acquired a new position in McDonald’s during the 3rd quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s during the 3rd quarter worth $58,000. Finally, FSA Wealth Management LLC acquired a new position in McDonald’s during the 3rd quarter worth $72,000. 70.29% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. 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.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MCD shares. Barclays boosted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Trading Down 1.0 %

NYSE MCD opened at $279.56 on Friday. The business’s 50 day moving average is $293.20 and its two-hundred day moving average is $286.80. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market capitalization of $200.34 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released 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 negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the firm posted $3.19 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

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.