Sky Investment Group LLC Buys 54 Shares of McDonald’s Co. (NYSE:MCD)

Sky Investment Group LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,611 shares of the fast-food giant’s stock after acquiring an additional 54 shares during the quarter. McDonald’s comprises about 1.7% of Sky Investment Group LLC’s portfolio, making the stock its 13th largest holding. Sky Investment Group LLC’s holdings in McDonald’s were worth $9,453,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MCD. Kennebec Savings Bank bought a new position in shares of McDonald’s during the 3rd quarter valued at approximately $1,394,000. Charles Schwab Investment Management Inc. lifted its position in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of McDonald’s by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after buying an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of McDonald’s by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after buying an additional 2,997 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of McDonald’s during the 3rd quarter valued at about $16,870,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.4 %

Shares of NYSE MCD opened at $280.90 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock’s fifty day simple moving average is $292.54 and its two-hundred day simple moving average is $287.50. The stock has a market capitalization of $201.30 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

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, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for 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 firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 earnings per share. On average, equities analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on MCD shares. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Morgan Stanley lifted their target price on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective 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. Finally, TD Cowen reissued a “hold” rating and issued a $300.00 target price 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 assigned a buy rating to the stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction that occurred on 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 directly owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was 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 have sold 9,704 shares of company stock worth $2,829,428. Corporate insiders own 0.23% of the company’s stock.

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.