Butensky & Cohen Financial Security Inc. Purchases Shares of 8,638 McDonald’s Co. (NYSE:MCD)

Butensky & Cohen Financial Security Inc. purchased a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,638 shares of the fast-food giant’s stock, valued at approximately $2,504,000.

Other hedge funds have also recently modified their holdings of the company. First National Bank of Mount Dora Trust Investment Services lifted its stake in shares of McDonald’s by 0.7% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,921 shares of the fast-food giant’s stock worth $3,746,000 after buying an additional 88 shares during the period. Chemistry Wealth Management LLC raised its stake in McDonald’s by 13.9% in the 4th quarter. Chemistry Wealth Management LLC now owns 1,657 shares of the fast-food giant’s stock worth $480,000 after acquiring an additional 202 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in McDonald’s by 9.0% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 6,088 shares of the fast-food giant’s stock valued at $1,765,000 after purchasing an additional 505 shares during the last quarter. Saxon Interests Inc. increased its holdings in shares of McDonald’s by 1.9% in the fourth quarter. Saxon Interests Inc. now owns 3,326 shares of the fast-food giant’s stock valued at $964,000 after purchasing an additional 62 shares during the period. Finally, Avanza Fonder AB acquired a new position in shares of McDonald’s in the fourth quarter valued at about $15,083,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.4 %

NYSE:MCD opened at $280.90 on Friday. The company has a market cap 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 twelve month low of $243.53 and a twelve month high of $317.90. The company’s 50-day moving average price is $292.90 and its 200-day moving average price is $286.75.

McDonald’s (NYSE:MCD) last released its 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. The business 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 business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $3.19 EPS. On average, analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Wedbush reiterated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their price target for the company from $311.00 to $334.00 in a report on Friday, January 10th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred 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 directly owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock worth $2,829,428 in the last three months. 0.23% of the stock is owned by corporate insiders.

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.