McDonald’s Co. (NYSE:MCD) Shares Acquired by Talbot Financial LLC

Talbot Financial LLC grew its position in McDonald’s Co. (NYSE:MCD) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,748 shares of the fast-food giant’s stock after acquiring an additional 521 shares during the period. Talbot Financial LLC’s holdings in McDonald’s were worth $7,754,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s during the 3rd quarter worth about $58,000. Finally, FSA Wealth Management LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore ISI increased their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Trading Up 0.7 %

Shares of NYSE:MCD traded up $1.85 during midday trading on Monday, hitting $284.16. The stock had a trading volume of 1,220,809 shares, compared to its average volume of 2,773,003. The company has a market capitalization of $203.63 billion, a PE ratio of 24.95, a P/E/G ratio of 3.95 and a beta of 0.73. The stock has a 50 day moving average price of $293.94 and a two-hundred day moving average price of $286.47. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 earnings per share. As a group, equities analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,704 shares of company stock valued at $2,829,428. Corporate insiders own 0.23% of the company’s stock.

About McDonald’s

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.