Cedar Mountain Advisors LLC Has $500,000 Position in McDonald’s Co. (NYSE:MCD)

Cedar Mountain Advisors LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,726 shares of the fast-food giant’s stock after buying an additional 50 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in McDonald’s were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Fred Alger Management LLC raised its position in McDonald’s by 5.9% during the 2nd 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 raised its position 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 acquiring an additional 49,119 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of McDonald’s by 12.2% in 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 acquiring an additional 96,450 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of McDonald’s in the second quarter worth approximately $10,448,000. Finally, Legal & General Group Plc increased its position in McDonald’s by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock valued at $1,567,030,000 after purchasing an additional 188,888 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock worth $2,592,327 in the last 90 days. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MCD shares. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their target price on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays increased their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Bank of America lifted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $320.78.

McDonald’s Trading Up 0.3 %

NYSE MCD opened at $285.37 on Friday. The firm 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. The business has a fifty day simple moving average of $291.07 and a 200 day simple moving average of $288.14. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates 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 period last year, the firm earned $3.19 earnings per share. As a group, sell-side analysts predict that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

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.