Spartan Planning & Wealth Management Purchases Shares of 1,299 McDonald’s Co. (NYSE:MCD)

Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,299 shares of the fast-food giant’s stock, valued at approximately $377,000.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on MCD. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Bank of America increased their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $320.65.

Insider Activity at McDonald’s

In other news, 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 transaction of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This trade represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,050 shares of company stock valued at $3,556,688. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Down 0.8 %

McDonald’s stock traded down $2.29 during trading hours on Tuesday, reaching $289.89. 1,349,361 shares of the company’s stock were exchanged, compared to its average volume of 2,371,385. The firm has a market capitalization of $207.74 billion, a PE ratio of 25.45, a PEG ratio of 3.95 and a beta of 0.73. The firm’s 50 day simple moving average is $294.52 and its 200 day simple moving average is $285.69. McDonald’s Co. has a twelve month low of $243.53 and a twelve month 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 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $3.19 earnings per share. Analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current 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.