McDonald’s Co. (NYSE:MCD) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 60.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 82,350 shares of the fast-food giant’s stock after acquiring an additional 31,176 shares during the period. Miracle Mile Advisors LLC’s holdings in McDonald’s were worth $23,872,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Northstar Advisory Group LLC increased its position in shares of McDonald’s by 11.6% in the fourth quarter. Northstar Advisory Group LLC now owns 1,112 shares of the fast-food giant’s stock worth $322,000 after acquiring an additional 116 shares in the last quarter. Conrad Siegel Investment Advisors Inc. acquired a new position in McDonald’s in the 4th quarter worth approximately $227,000. Elevated Capital Advisors LLC grew its position in McDonald’s by 14.9% during the 4th quarter. Elevated Capital Advisors LLC now owns 4,728 shares of the fast-food giant’s stock worth $1,370,000 after purchasing an additional 613 shares in the last quarter. Persium Advisors LLC acquired a new stake in McDonald’s during the 4th quarter valued at $524,000. Finally, Sivia Capital Partners LLC lifted its holdings in shares of McDonald’s by 8.8% in the fourth quarter. Sivia Capital Partners LLC now owns 1,739 shares of the fast-food giant’s stock valued at $504,000 after purchasing an additional 140 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MCD shares. BMO Capital Markets lifted their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the company 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 issued a buy rating to the stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now owns 10,385 shares in the company, valued at approximately $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 sold a total of 9,704 shares of company stock valued at $2,829,428 in the last ninety days. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD traded up $0.89 during midday trading on Monday, reaching $283.20. The stock had a trading volume of 3,385,330 shares, compared to its average volume of 3,095,974. The stock has a market capitalization of $202.95 billion, a P/E ratio of 24.86, a PEG ratio of 3.95 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. The firm’s fifty day simple moving average is $293.94 and its 200-day simple moving average is $286.47.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $3.19 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

McDonald’s Company 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.