McDonald’s Co. (NYSE:MCD) Shares Purchased by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 7,320 shares of the fast-food giant’s stock after purchasing an additional 275 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in McDonald’s were worth $2,122,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the 3rd quarter worth approximately $31,000. Hara Capital LLC purchased a new position in McDonald’s during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s during the 3rd quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock worth $2,829,428 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.4 %

McDonald’s stock opened at $280.90 on Friday. The company has a fifty day simple moving average of $292.90 and a 200-day simple moving average of $286.75. The firm has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the company earned $3.19 EPS. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MCD. Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their price objective on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays lifted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. UBS Group increased their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.