Motive Wealth Advisors Increases Stock Position in McDonald’s Co. (NYSE:MCD)

Motive Wealth Advisors boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,324 shares of the fast-food giant’s stock after acquiring an additional 114 shares during the quarter. Motive Wealth Advisors’ holdings in McDonald’s were worth $384,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings 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 valued at $706,202,000 after purchasing an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after buying an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in McDonald’s in the 3rd quarter valued at $121,254,000. Ameriprise Financial Inc. lifted its stake in shares of McDonald’s by 8.0% in the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after buying an additional 354,196 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its stake in McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after buying an additional 261,350 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction 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. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,605 shares of company stock valued at $2,508,102 over the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.1 %

McDonald’s stock opened at $284.49 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a market capitalization of $203.87 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 3.66 and a beta of 0.73. The firm has a 50-day moving average price of $291.49 and a two-hundred day moving average price of $287.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.19 earnings per share. Research analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MCD. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Bank of America lifted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Morgan Stanley dropped their target price on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets upped their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $321.22.

McDonald’s 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.