Independent Wealth Network Inc. Purchases 36 Shares of McDonald’s Co. (NYSE:MCD)

Independent Wealth Network Inc. boosted its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 736 shares of the fast-food giant’s stock after acquiring an additional 36 shares during the period. Independent Wealth Network Inc.’s holdings in McDonald’s were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions 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 shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,605 shares of company stock worth $2,508,102 over the last quarter. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Evercore ISI raised their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, Barclays boosted their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $321.22.

Read Our Latest Analysis on McDonald’s

McDonald’s Trading Up 1.1 %

NYSE:MCD opened at $284.49 on Friday. The company’s 50 day moving average is $291.49 and its two-hundred day moving average is $287.90. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market cap of $203.87 billion, a PE ratio of 24.98, a P/E/G ratio of 3.68 and a beta of 0.73.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating 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 business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm earned $3.19 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

About McDonald’s

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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