Brooklyn Investment Group Buys 602 Shares of McDonald’s Co. (NYSE:MCD)

Brooklyn Investment Group raised its stake in McDonald’s Co. (NYSE:MCD) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,710 shares of the fast-food giant’s stock after purchasing an additional 602 shares during the quarter. Brooklyn Investment Group’s holdings in McDonald’s were worth $1,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of McDonald’s by 31,151.1% during the 3rd 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 period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of McDonald’s by 542.9% during the 3rd 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 period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of McDonald’s during the 3rd quarter worth approximately $121,254,000. Ameriprise Financial Inc. boosted its stake in shares of 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 acquiring an additional 354,196 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in shares of McDonald’s by 3,846.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 273,640 shares of the fast-food giant’s stock worth $69,734,000 after acquiring an additional 266,707 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,704 shares of company stock worth $2,829,428. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.4 %

Shares of MCD stock opened at $280.90 on Friday. The firm has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock’s fifty day simple moving average is $292.90 and its 200 day simple moving average is $286.75.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Loop Capital restated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Wells Fargo & Company boosted their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley boosted their price target on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $321.39.

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.