1,809 Shares in McDonald’s Co. (NYSE:MCD) Acquired by Persium Advisors LLC

Persium Advisors LLC purchased a new position in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,809 shares of the fast-food giant’s stock, valued at approximately $524,000.

A number of other large investors have also made changes to their positions in MCD. Sivia Capital Partners LLC increased its position in McDonald’s by 8.8% during the 4th quarter. Sivia Capital Partners LLC now owns 1,739 shares of the fast-food giant’s stock valued at $504,000 after buying an additional 140 shares in the last quarter. Enterprise Bank & Trust Co raised its position in shares of McDonald’s by 2.8% in the 4th quarter. Enterprise Bank & Trust Co now owns 7,480 shares of the fast-food giant’s stock valued at $2,168,000 after purchasing an additional 204 shares during the last quarter. Cooper Financial Group grew its position in McDonald’s by 1.9% during the 4th quarter. Cooper Financial Group now owns 2,010 shares of the fast-food giant’s stock worth $583,000 after purchasing an additional 38 shares during the last quarter. Wedmont Private Capital grew its position in McDonald’s by 9.1% during the 4th quarter. Wedmont Private Capital now owns 6,125 shares of the fast-food giant’s stock worth $1,729,000 after purchasing an additional 510 shares during the last quarter. Finally, Talbot Financial LLC raised its holdings in shares of McDonald’s by 2.0% in the fourth quarter. Talbot Financial LLC now owns 26,748 shares of the fast-food giant’s stock worth $7,754,000 after buying an additional 521 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Guggenheim lowered 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 report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Barclays raised their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Bank of America upped their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,704 shares of company stock worth $2,829,428. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD traded up $0.89 during midday trading on Monday, hitting $283.20. The company’s stock had a trading volume of 1,951,626 shares, compared to its average volume of 2,845,870. The business’s 50 day simple moving average is $293.94 and its 200 day simple moving average is $286.47. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market cap of $202.95 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the business earned $3.19 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

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.