HB Wealth Management LLC Has $18.25 Million Stock Position in McDonald’s Co. (NYSE:MCD)

HB Wealth Management LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 62,952 shares of the fast-food giant’s stock after acquiring an additional 3,795 shares during the quarter. HB Wealth Management LLC’s holdings in McDonald’s were worth $18,249,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. American Century Companies Inc. raised its position in shares of McDonald’s by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after acquiring an additional 915 shares during the last quarter. Brighton Jones LLC grew its stake in shares of McDonald’s by 8.4% during the second quarter. Brighton Jones LLC now owns 8,291 shares of the fast-food giant’s stock worth $2,113,000 after purchasing an additional 646 shares during the period. Canada Pension Plan Investment Board increased its holdings in McDonald’s by 5.2% in the second quarter. Canada Pension Plan Investment Board now owns 684,471 shares of the fast-food giant’s stock valued at $174,431,000 after purchasing an additional 34,053 shares during the last quarter. Boston Research & Management Inc. lifted its stake in McDonald’s by 2.4% in the second quarter. Boston Research & Management Inc. now owns 24,939 shares of the fast-food giant’s stock valued at $6,355,000 after buying an additional 592 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in McDonald’s by 10.1% during the second quarter. Thrivent Financial for Lutherans now owns 195,638 shares of the fast-food giant’s stock worth $49,856,000 after buying an additional 17,995 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MCD shares. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wedbush reissued an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Barclays upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,499 shares of the company’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 owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. 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 over the last three months. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.4 %

NYSE MCD opened at $280.90 on Friday. The firm has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. The firm’s fifty day moving average price is $292.54 and its two-hundred day moving average price is $286.97. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the firm earned $3.19 EPS. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that McDonald’s Co. will post 11.73 EPS 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.