Spartan Planning & Wealth Management Invests $377,000 in McDonald’s Co. (NYSE:MCD)

Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,299 shares of the fast-food giant’s stock, valued at approximately $377,000.

Other hedge funds also recently bought and sold shares of the company. Diversified Trust Co grew its stake in shares of McDonald’s by 4.4% in the 4th quarter. Diversified Trust Co now owns 8,433 shares of the fast-food giant’s stock valued at $2,445,000 after buying an additional 355 shares in the last quarter. Canandaigua National Trust Co of Florida increased its stake in shares of McDonald’s by 12.4% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 1,811 shares of the fast-food giant’s stock worth $525,000 after purchasing an additional 200 shares during the last quarter. Advance Capital Management Inc. raised its holdings in shares of McDonald’s by 1.3% during the 4th quarter. Advance Capital Management Inc. now owns 3,077 shares of the fast-food giant’s stock valued at $892,000 after purchasing an additional 39 shares in the last quarter. Doliver Advisors LP raised its holdings in shares of McDonald’s by 4.2% during the 4th quarter. Doliver Advisors LP now owns 4,456 shares of the fast-food giant’s stock valued at $1,292,000 after purchasing an additional 180 shares in the last quarter. Finally, Boltwood Capital Management boosted its holdings in McDonald’s by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s 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 completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,050 shares of company stock valued at $3,556,688. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.8 %

MCD stock traded down $2.29 during trading on Tuesday, hitting $289.89. 1,349,361 shares of the stock traded hands, compared to its average volume of 2,371,385. The stock has a market cap of $207.74 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a 50 day simple moving average of $294.52 and a 200 day simple moving average of $285.69.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 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 business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business earned $3.19 EPS. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BMO Capital Markets raised their target price on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company raised their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Bank of America boosted their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $320.65.

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.