DLK Investment Management LLC Has $4.45 Million Stock Position in McDonald’s Co. (NYSE:MCD)

DLK Investment Management LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,343 shares of the fast-food giant’s stock after purchasing an additional 84 shares during the quarter. McDonald’s comprises 1.9% of DLK Investment Management LLC’s investment portfolio, making the stock its 23rd biggest position. DLK Investment Management LLC’s holdings in McDonald’s were worth $4,448,000 as of its most recent filing with the Securities & Exchange Commission.

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

McDonald’s Trading Up 0.4 %

Shares of NYSE MCD opened at $280.90 on Monday. The firm’s 50-day moving average price is $292.54 and its 200-day moving average price is $287.24. The firm has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share 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 for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the business earned $3.19 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current year.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MCD. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. The Goldman Sachs Group increased their target price on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and raised their price objective for the company from $311.00 to $334.00 in a report on Friday, January 10th. UBS Group boosted their target price 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, Barclays lifted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company 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.