Dumont & Blake Investment Advisors LLC Acquires 2,080 Shares of McDonald’s Co. (NYSE:MCD)

Dumont & Blake Investment Advisors LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 145.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,507 shares of the fast-food giant’s stock after purchasing an additional 2,080 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in McDonald’s were worth $1,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of McDonald’s by 312.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,370 shares of the fast-food giant’s stock valued at $10,543,000 after purchasing an additional 31,351 shares during the period. Centaurus Financial Inc. raised its holdings in shares of McDonald’s by 3.6% during the second quarter. Centaurus Financial Inc. now owns 5,387 shares of the fast-food giant’s stock valued at $1,373,000 after purchasing an additional 187 shares during the period. Mattson Financial Services LLC acquired a new position in shares of McDonald’s during the second quarter valued at about $2,740,000. Jacobs & Co. CA raised its holdings in shares of McDonald’s by 5.0% during the third quarter. Jacobs & Co. CA now owns 43,238 shares of the fast-food giant’s stock valued at $13,166,000 after purchasing an additional 2,072 shares during the period. Finally, Appleton Partners Inc. MA raised its holdings in shares of McDonald’s by 9.1% during the third quarter. Appleton Partners Inc. MA now owns 19,241 shares of the fast-food giant’s stock valued at $5,859,000 after purchasing an additional 1,603 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MCD shares. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Citigroup upped their target price on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a report on Tuesday. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Bank of America upped their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $320.87.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly 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. In the last quarter, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

NYSE MCD opened at $290.19 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a market capitalization of $207.96 billion, a PE ratio of 25.48, a P/E/G ratio of 3.85 and a beta of 0.73. The company’s 50 day simple moving average is $291.11 and its two-hundred day simple moving average is $289.24.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 firm had revenue of $6.87 billion for 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $3.19 EPS. On average, research analysts anticipate that McDonald’s Co. will post 11.68 EPS for the current 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.