Hengehold Capital Management LLC Raises Stake in McDonald’s Co. (NYSE:MCD)

Hengehold Capital Management LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,456 shares of the fast-food giant’s stock after buying an additional 379 shares during the quarter. Hengehold Capital Management LLC’s holdings in McDonald’s were worth $3,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kennebec Savings Bank purchased a new stake in McDonald’s in the 3rd quarter valued at approximately $1,394,000. Charles Schwab Investment Management Inc. raised its position in McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after acquiring an additional 2,997 shares during the period. Weiss Asset Management LP purchased a new stake in shares of McDonald’s during the 3rd quarter worth $16,870,000. Finally, PFW Advisors LLC acquired a new position in shares of McDonald’s during the 4th quarter worth $2,471,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other McDonald’s news, 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 transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,605 shares of company stock worth $2,508,102. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Up 1.1 %

Shares of NYSE:MCD opened at $284.49 on Friday. The company has a market capitalization of $203.87 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. The company has a 50 day moving average of $291.49 and a two-hundred day moving average of $287.90. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping 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 firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the business posted $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Evercore ISI boosted their price objective 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. KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. TD Cowen reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Bank of America lifted their price target on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. 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 stock presently has an average rating of “Moderate Buy” and a consensus price target 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.