Northstar Advisory Group LLC Purchases 116 Shares of McDonald’s Co. (NYSE:MCD)

Northstar Advisory Group LLC increased its position in McDonald’s Co. (NYSE:MCD) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,112 shares of the fast-food giant’s stock after purchasing an additional 116 shares during the quarter. Northstar Advisory Group LLC’s holdings in McDonald’s were worth $322,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Conrad Siegel Investment Advisors Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $227,000. Elevated Capital Advisors LLC lifted its holdings in McDonald’s by 14.9% during the 4th quarter. Elevated Capital Advisors LLC now owns 4,728 shares of the fast-food giant’s stock valued at $1,370,000 after purchasing an additional 613 shares during the last quarter. Persium Advisors LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at $524,000. Sivia Capital Partners LLC raised its position in shares of McDonald’s by 8.8% in the fourth quarter. Sivia Capital Partners LLC now owns 1,739 shares of the fast-food giant’s stock valued at $504,000 after purchasing an additional 140 shares during the period. Finally, Enterprise Bank & Trust Co lifted its stake in shares of McDonald’s by 2.8% during the 4th quarter. Enterprise Bank & Trust Co now owns 7,480 shares of the fast-food giant’s stock worth $2,168,000 after buying an additional 204 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock valued at $2,829,428 over the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD traded up $0.89 during trading hours on Monday, reaching $283.20. The company’s stock had a trading volume of 3,385,330 shares, compared to its average volume of 3,095,974. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market cap of $202.95 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.95 and a beta of 0.73. The firm has a fifty day simple moving average of $293.94 and a 200-day simple moving average of $286.47.

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 firm 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. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Guggenheim cut 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. Evercore ISI boosted 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. Bank of America raised their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, UBS Group lifted their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

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.