Magnus Financial Group LLC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Magnus Financial Group LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,353 shares of the fast-food giant’s stock after buying an additional 377 shares during the period. Magnus Financial Group LLC’s holdings in McDonald’s were worth $1,552,000 as of its most recent SEC filing.

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

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’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 $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,605 shares of company stock valued at $2,508,102. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MCD shares. TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Barclays boosted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Bank of America increased their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Wedbush restated an “outperform” rating and set 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. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $321.22.

McDonald’s Trading Down 0.1 %

MCD opened at $282.37 on Wednesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a market cap of $202.35 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 3.65 and a beta of 0.73. The company has a fifty day simple moving average of $291.81 and a 200 day simple moving average of $287.95.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) 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 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% on a year-over-year basis. During the same period in the prior year, the company posted $3.19 EPS. On average, analysts forecast that McDonald’s Co. will post 11.73 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.