Carr Financial Group Corp Boosts Stock Position in McDonald’s Co. (NYSE:MCD)

Carr Financial Group Corp grew its position in shares of McDonald’s Co. (NYSE:MCD) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,219 shares of the fast-food giant’s stock after purchasing an additional 243 shares during the quarter. Carr Financial Group Corp’s holdings in McDonald’s were worth $353,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MCD. Fred Alger Management LLC grew its holdings in shares of McDonald’s by 5.9% during the second quarter. Fred Alger Management LLC now owns 17,555 shares of the fast-food giant’s stock worth $4,474,000 after purchasing an additional 985 shares during the last quarter. MBB Public Markets I LLC grew its holdings in shares of McDonald’s by 2,268.8% during the second quarter. MBB Public Markets I LLC now owns 51,284 shares of the fast-food giant’s stock worth $13,069,000 after buying an additional 49,119 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of McDonald’s by 12.2% during the second quarter. The Manufacturers Life Insurance Company now owns 886,343 shares of the fast-food giant’s stock worth $225,876,000 after buying an additional 96,450 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of McDonald’s during the second quarter worth about $10,448,000. Finally, Legal & General Group Plc grew its holdings in shares of McDonald’s by 3.2% during the second quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock worth $1,567,030,000 after buying an additional 188,888 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $285.37 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a 50 day moving average price of $291.21 and a two-hundred day moving average price of $287.88. The stock has a market capitalization of $204.50 billion, a P/E ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73.

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 period in the previous year, the company earned $3.19 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MCD shares. Evercore ISI raised their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. TD Cowen restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Loop Capital restated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Finally, BMO Capital Markets raised their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.78.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’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 transaction, the executive vice president now owns 9,675 shares in the company, 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. Insiders sold 8,905 shares of company stock valued at $2,592,327 in the last ninety days. Company 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.