Cedar Mountain Advisors LLC Acquires 50 Shares of McDonald’s Co. (NYSE:MCD)

Cedar Mountain Advisors LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,726 shares of the fast-food giant’s stock after buying an additional 50 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in McDonald’s were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

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

McDonald’s Trading Up 0.3 %

Shares of NYSE MCD opened at $285.37 on Friday. The firm has a fifty day simple moving average of $291.07 and a two-hundred day simple moving average of $288.14. The firm has a market capitalization of $204.50 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month 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 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 business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the business posted $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current year.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred 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 owns 1,560 shares of the company’s stock, valued at $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 a total of 8,905 shares of company stock worth $2,592,327 in the last quarter. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MCD shares. TD Cowen reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Wells Fargo & Company lifted their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price target for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

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.