RMR Wealth Builders Has $1.63 Million Position in McDonald’s Co. (NYSE:MCD)

RMR Wealth Builders grew its holdings in McDonald’s Co. (NYSE:MCD) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,611 shares of the fast-food giant’s stock after buying an additional 535 shares during the quarter. RMR Wealth Builders’ holdings in McDonald’s were worth $1,626,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Essex Savings Bank lifted its stake in McDonald’s by 0.7% during the fourth quarter. Essex Savings Bank now owns 7,330 shares of the fast-food giant’s stock worth $2,125,000 after purchasing an additional 49 shares during the period. Stolper Co raised its holdings in shares of McDonald’s by 1.1% in the 4th quarter. Stolper Co now owns 6,988 shares of the fast-food giant’s stock worth $2,026,000 after buying an additional 76 shares in the last quarter. ERn Financial LLC lifted its position in shares of McDonald’s by 3.0% during the 4th quarter. ERn Financial LLC now owns 1,624 shares of the fast-food giant’s stock worth $471,000 after buying an additional 48 shares during the period. Websterrogers Financial Advisors LLC acquired a new stake in McDonald’s in the 4th quarter valued at $326,000. Finally, Roble Belko & Company Inc acquired a new stake in McDonald’s in the 4th quarter valued at $87,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

MCD opened at $282.54 on Thursday. The company has a fifty day moving average price of $293.43 and a two-hundred day moving average price of $286.83. The firm has a market capitalization of $202.47 billion, a PE ratio of 24.81, a P/E/G ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last announced 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. 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 during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that McDonald’s Co. will post 11.73 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on MCD. Morgan Stanley lifted their price objective on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Wells Fargo & Company lifted their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wedbush reaffirmed an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Evercore ISI lifted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, UBS Group increased their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald’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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is currently owned by company insiders.

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.