McDonald’s Co. (NYSE:MCD) Shares Bought by Oak Harvest Investment Services

Oak Harvest Investment Services grew its position in shares of McDonald’s Co. (NYSE:MCD) by 52.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,503 shares of the fast-food giant’s stock after purchasing an additional 8,396 shares during the period. Oak Harvest Investment Services’ holdings in McDonald’s were worth $7,103,000 as of its most recent SEC filing.

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

McDonald’s Stock Up 0.0 %

McDonald’s stock opened at $290.19 on Friday. The stock has a market cap of $207.96 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.85 and a beta of 0.73. The company’s 50 day moving average price is $291.11 and its two-hundred day moving average price is $289.24. 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 results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.19 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 11.68 EPS for the current year.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. KeyCorp dropped their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. TD Cowen reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. BMO Capital Markets boosted 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. Finally, Bank of America boosted their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $320.87.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the 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 completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

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.