McDonald’s Co. (NYSE:MCD) Stock Holdings Boosted by Aprio Wealth Management LLC

Aprio Wealth Management LLC lifted its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,023 shares of the fast-food giant’s stock after acquiring an additional 264 shares during the period. Aprio Wealth Management LLC’s holdings in McDonald’s were worth $587,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MCD. International Assets Investment Management LLC grew its position in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after acquiring an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after acquiring an additional 677,139 shares during the last quarter. Mondrian Investment Partners LTD bought a new position in shares of McDonald’s during the second quarter worth about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of McDonald’s during the third quarter worth about $121,254,000. Finally, Ameriprise Financial Inc. grew its position in shares of McDonald’s by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after acquiring an additional 354,196 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 over the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $282.22 on Monday. The stock’s 50 day moving average price is $293.94 and its 200 day moving average price is $286.47. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market capitalization of $202.24 billion, a P/E ratio of 24.78, a P/E/G ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCDGet Free Report) last released 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 negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. TD Cowen reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their target price for the company from $311.00 to $334.00 in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $321.39.

Check Out Our Latest Stock Analysis on McDonald’s

McDonald’s Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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