Verum Partners LLC Raises Position in McDonald’s Co. (NYSE:MCD)

Verum Partners LLC grew its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,640 shares of the fast-food giant’s stock after acquiring an additional 51 shares during the period. Verum Partners LLC’s holdings in McDonald’s were worth $475,000 at the end of the most recent quarter.

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

Insider Activity

In related news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction 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 approximately $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 8,605 shares of company stock worth $2,508,102. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $282.85 on Wednesday. The firm has a market cap of $202.69 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.65 and a beta of 0.73. The firm has a fifty day moving average price of $292.12 and a 200 day moving average price of $287.72. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm posted $3.19 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MCD shares. KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. UBS Group lifted their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upped their price target on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $321.22.

Check Out Our Latest Research Report on MCD

McDonald’s Company 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.

Read More

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCDFree Report).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.