Iams Wealth Management LLC Raises Stock Position in McDonald’s Co. (NYSE:MCD)

Iams Wealth Management LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,531 shares of the fast-food giant’s stock after buying an additional 158 shares during the period. Iams Wealth Management LLC’s holdings in McDonald’s were worth $1,894,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in McDonald’s by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock worth $32,894,000 after purchasing an additional 2,328 shares during the last quarter. Quarry LP lifted its stake in McDonald’s by 54.6% during the 2nd quarter. Quarry LP now owns 609 shares of the fast-food giant’s stock valued at $155,000 after acquiring an additional 215 shares during the period. Pathway Financial Advisers LLC lifted its stake in McDonald’s by 10.8% during the 2nd quarter. Pathway Financial Advisers LLC now owns 11,747 shares of the fast-food giant’s stock valued at $2,969,000 after acquiring an additional 1,143 shares during the period. 3Chopt Investment Partners LLC acquired a new stake in McDonald’s during the 2nd quarter valued at approximately $628,000. Finally, Founders Financial Alliance LLC lifted its stake in McDonald’s by 0.7% during the 2nd quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock valued at $1,269,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. BMO Capital Markets upped their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays upped their target price 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. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $320.87.

McDonald’s Stock Performance

McDonald’s stock opened at $291.92 on Wednesday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business has a fifty day moving average of $291.12 and a two-hundred day moving average of $289.23. The company has a market cap of $209.20 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly 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. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.19 EPS. Sell-side analysts predict that McDonald’s Co. will post 11.72 EPS for the current year.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value 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. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,905 shares of company stock valued at $2,592,327 in the last 90 days. 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.