Northstar Group Inc. trimmed its holdings in Mcdonald’s Corp (NYSE:MCD) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,561 shares of the fast-food giant’s stock after selling 194 shares during the quarter. Northstar Group Inc.’s holdings in Mcdonald’s were worth $1,296,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MCD. Garrett Wealth Advisory Group LLC acquired a new position in shares of Mcdonald’s in the 3rd quarter worth $30,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Mcdonald’s during the third quarter valued at $30,000. Quantum Capital Management purchased a new stake in shares of Mcdonald’s during the third quarter valued at $35,000. Vista Private Wealth Partners. LLC purchased a new stake in shares of Mcdonald’s during the third quarter valued at $40,000. Finally, Accurate Investment Solutions Inc. boosted its position in shares of Mcdonald’s by 127.4% in the 4th quarter. Accurate Investment Solutions Inc. now owns 241 shares of the fast-food giant’s stock valued at $48,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 67.25% of the company’s stock.
Shares of MCD stock opened at $211.16 on Wednesday. Mcdonald’s Corp has a 12 month low of $173.41 and a 12 month high of $221.93. The company has a market cap of $159.64 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The business’s 50 day moving average is $200.54 and its two-hundred day moving average is $206.45.
A number of brokerages recently weighed in on MCD. Deutsche Bank started coverage on Mcdonald’s in a research note on Tuesday, November 26th. They issued a “hold” rating and a $193.00 price target on the stock. UBS Group reduced their price objective on shares of Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $220.00 target price on shares of Mcdonald’s in a report on Friday, December 6th. JPMorgan Chase & Co. dropped their target price on shares of Mcdonald’s from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada started coverage on shares of Mcdonald’s in a report on Monday, December 9th. They set an “outperform” rating and a $218.00 price target on the stock. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Mcdonald’s presently has an average rating of “Buy” and an average price target of $223.54.
In other news, Director John J. Mulligan bought 1,300 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of $193.46 per share, with a total value of $251,498.00. Following the transaction, the director now directly owns 2,900 shares in the company, valued at $561,034. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski purchased 2,580 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average price of $193.81 per share, with a total value of $500,029.80. Following the completion of the acquisition, the chief executive officer now directly owns 2,580 shares of the company’s stock, valued at $500,029.80. The disclosure for this purchase can be found here. Insiders purchased a total of 7,380 shares of company stock worth $1,430,223 in the last quarter. Insiders own 0.25% of the company’s stock.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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