DLK Investment Management LLC Grows Holdings in McDonald’s Co. (NYSE:MCD)

DLK Investment Management LLC raised its position in McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,343 shares of the fast-food giant’s stock after purchasing an additional 84 shares during the period. McDonald’s accounts for 1.9% of DLK Investment Management LLC’s holdings, making the stock its 23rd biggest position. DLK Investment Management LLC’s holdings in McDonald’s were worth $4,448,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MCD. Stokes Capital Advisors LLC raised its position in McDonald’s by 2.3% in the fourth quarter. Stokes Capital Advisors LLC now owns 34,016 shares of the fast-food giant’s stock worth $9,861,000 after acquiring an additional 778 shares during the period. Strong Tower Advisory Services lifted its stake in McDonald’s by 4.6% in the fourth quarter. Strong Tower Advisory Services now owns 7,133 shares of the fast-food giant’s stock valued at $2,068,000 after purchasing an additional 314 shares during the last quarter. M.E. Allison & CO. Inc. purchased a new stake in McDonald’s in the fourth quarter worth $227,000. Thrive Wealth Management LLC lifted its position in shares of McDonald’s by 1.2% during the 4th quarter. Thrive Wealth Management LLC now owns 3,453 shares of the fast-food giant’s stock valued at $1,001,000 after buying an additional 40 shares during the last quarter. Finally, Donor Advised Charitable Giving Inc. bought a new position in shares of McDonald’s during the 4th quarter worth $1,457,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. KeyCorp lifted their price target on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Trading Up 0.4 %

Shares of NYSE:MCD opened at $280.90 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock’s 50-day moving average price is $292.54 and its 200-day moving average price is $287.24. The stock 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.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share 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 firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the company posted $3.19 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts predict that McDonald’s Co. will post 11.73 EPS for the current year.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction 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. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock worth $2,829,428 in the last three months. 0.23% of the stock is owned by insiders.

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.