McDonald’s Co. (NYSE:MCD) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,723 shares of the fast-food giant’s stock after purchasing an additional 1,672 shares during the period. CWA Asset Management Group LLC’s holdings in McDonald’s were worth $3,688,000 as of its most recent SEC filing.

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

Insider Activity

In related news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’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 sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,050 shares of company stock valued at $3,556,688. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday. Finally, Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $320.65.

McDonald’s Trading Down 0.9 %

Shares of MCD opened at $292.06 on Tuesday. The firm has a market cap of $209.30 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a 50 day moving average of $294.52 and a 200-day moving average of $285.69.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

McDonald’s Company 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.