Raleigh Capital Management Inc. Boosts Stake in McDonald’s Co. (NYSE:MCD)

Raleigh Capital Management Inc. boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,643 shares of the fast-food giant’s stock after purchasing an additional 181 shares during the period. Raleigh Capital Management Inc.’s holdings in McDonald’s were worth $1,056,000 at the end of the most recent quarter.

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

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,605 shares of company stock valued at $2,508,102. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. TD Cowen reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Wells Fargo & Company boosted their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Barclays raised their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.22.

McDonald’s Price Performance

Shares of NYSE MCD opened at $281.30 on Thursday. The company has a market cap of $201.58 billion, a P/E ratio of 24.70, a PEG ratio of 3.68 and a beta of 0.73. The firm has a 50-day simple moving average of $291.49 and a two-hundred day simple moving average of $287.90. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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 revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.19 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 11.73 EPS for the current year.

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.