2,221 Shares in McDonald’s Co. (NYSE:MCD) Bought by MFA Wealth Services

MFA Wealth Services bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,221 shares of the fast-food giant’s stock, valued at approximately $644,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC acquired a new position in McDonald’s in the 3rd quarter worth about $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the third quarter valued at about $58,000. Finally, FSA Wealth Management LLC acquired a new stake in McDonald’s during the 3rd quarter worth $72,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 1.1 %

Shares of MCD stock opened at $284.49 on Friday. The stock has a market cap of $203.87 billion, a P/E ratio of 24.98, a P/E/G ratio of 3.66 and a beta of 0.73. The stock has a 50 day moving average of $291.49 and a 200 day moving average of $287.90. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm posted $3.19 earnings per share. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’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 value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,605 shares of company stock valued at $2,508,102. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MCD shares. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. 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 research note on Wednesday, October 30th. Bank of America lifted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, TD Cowen reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $321.22.

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.