CX Institutional Has $8.46 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

CX Institutional increased its stake in McDonald’s Co. (NYSE:MCD) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,168 shares of the fast-food giant’s stock after acquiring an additional 2,128 shares during the quarter. CX Institutional’s holdings in McDonald’s were worth $8,456,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Evercore ISI raised their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Finally, Morgan Stanley cut their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $321.22.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s 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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,605 shares of company stock worth $2,508,102 over the last three months. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Down 0.2 %

Shares of McDonald’s stock opened at $283.86 on Friday. The business’s fifty day simple moving average is $291.49 and its 200 day simple moving average is $287.90. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a market capitalization of $203.42 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

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. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm earned $3.19 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts predict that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

About McDonald’s

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.