Flavin Financial Services Inc. Makes New Investment in McDonald’s Co. (NYSE:MCD)

Flavin Financial Services Inc. purchased a new position in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,860 shares of the fast-food giant’s stock, valued at approximately $1,698,000. McDonald’s makes up about 1.6% of Flavin Financial Services Inc.’s portfolio, making the stock its 25th biggest holding.

Several other institutional investors have also modified their holdings of MCD. Czech National Bank lifted its stake in shares of McDonald’s by 6.4% in the third quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock worth $44,498,000 after acquiring an additional 8,797 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of McDonald’s by 22.7% in the third quarter. GAMMA Investing LLC now owns 8,301 shares of the fast-food giant’s stock worth $2,528,000 after acquiring an additional 1,534 shares in the last quarter. Diversified Trust Co lifted its stake in shares of McDonald’s by 2.0% in the third quarter. Diversified Trust Co now owns 8,078 shares of the fast-food giant’s stock worth $2,460,000 after acquiring an additional 161 shares in the last quarter. Everpar Advisors LLC raised its stake in McDonald’s by 13.0% during the third quarter. Everpar Advisors LLC now owns 2,630 shares of the fast-food giant’s stock valued at $801,000 after buying an additional 302 shares in the last quarter. Finally, Smith Anglin Financial LLC raised its stake in McDonald’s by 2.0% during the third quarter. Smith Anglin Financial LLC now owns 2,743 shares of the fast-food giant’s stock valued at $835,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several research reports. Wells Fargo & Company upped their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley cut their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $320.87.

McDonald’s Price Performance

Shares of MCD stock opened at $290.25 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $208.00 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. The business has a 50 day simple moving average of $291.12 and a 200 day simple moving average of $289.94.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by corporate 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.