McDonald’s Co. (NYSE:MCD) Shares Acquired by Fortune Financial Advisors LLC

Fortune Financial Advisors LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,322 shares of the fast-food giant’s stock after buying an additional 53 shares during the quarter. Fortune Financial Advisors LLC’s holdings in McDonald’s were worth $963,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter valued at $31,000. Hara Capital LLC bought a new position in McDonald’s during the third quarter valued at about $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s during the third quarter worth about $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s in the third quarter worth about $72,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $290.19 on Friday. The company has a market capitalization of $207.96 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73. The business has a 50-day moving average of $291.11 and a 200-day moving average of $289.24. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two 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 earnings per share for the quarter, beating 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 firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts expect that McDonald’s Co. will post 11.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MCD shares. Morgan Stanley reduced their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. BMO Capital Markets upped their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.87.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly 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 is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by corporate 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.