Persium Advisors LLC Purchases Shares of 1,809 McDonald’s Co. (NYSE:MCD)

Persium Advisors LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,809 shares of the fast-food giant’s stock, valued at approximately $524,000.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after purchasing an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after buying an additional 677,139 shares during the last quarter. Mondrian Investment Partners LTD acquired a new stake in McDonald’s in the second quarter valued at $110,321,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in McDonald’s during the 3rd quarter worth about $121,254,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of McDonald’s by 8.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after acquiring an additional 354,196 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the business’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 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 $459,435.60. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the 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 completion of the sale, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock worth $2,829,428 over the last quarter. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research analyst reports. BMO Capital Markets lifted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Guggenheim downgraded 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 report on Wednesday, October 23rd. Evercore ISI lifted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, KeyCorp increased their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

McDonald’s Stock Performance

Shares of NYSE:MCD traded up $0.89 during trading on Monday, hitting $283.20. The company’s stock had a trading volume of 1,951,626 shares, compared to its average volume of 2,845,870. The company has a market capitalization of $202.95 billion, a PE ratio of 24.86, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock’s 50-day moving average price is $293.94 and its two-hundred day moving average price is $286.47.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.19 EPS. On average, equities analysts predict that McDonald’s Co. will post 11.75 earnings per share 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.