ST Germain D J Co. Inc. Purchases 306 Shares of McDonald’s Co. (NYSE:MCD)

ST Germain D J Co. Inc. raised its position in McDonald’s Co. (NYSE:MCD) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,549 shares of the fast-food giant’s stock after purchasing an additional 306 shares during the period. ST Germain D J Co. Inc.’s holdings in McDonald’s were worth $4,508,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec raised 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 purchasing an additional 677,139 shares during the period. Mondrian Investment Partners LTD bought a new position in shares of McDonald’s during the 2nd quarter valued at about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of McDonald’s in the 3rd quarter valued at approximately $121,254,000. Finally, Ameriprise Financial Inc. increased its stake in McDonald’s by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after purchasing an additional 354,196 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 1.2 %

Shares of MCD traded down $3.35 during mid-day trading on Friday, reaching $283.55. The company’s stock had a trading volume of 1,390,610 shares, compared to its average volume of 2,600,959. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a 50-day simple moving average of $294.20 and a two-hundred day simple moving average of $285.92. The stock has a market cap of $203.20 billion, a P/E ratio of 24.89, a PEG ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 EPS. Research analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current year.

Insider Activity at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. This represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,050 shares of company stock worth $3,556,688. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped their price objective on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.39.

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.