Secure Asset Management LLC Acquires 223 Shares of McDonald’s Co. (NYSE:MCD)

Secure Asset Management LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,520 shares of the fast-food giant’s stock after purchasing an additional 223 shares during the quarter. Secure Asset Management LLC’s holdings in McDonald’s were worth $2,180,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on MCD shares. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. UBS Group lifted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley lowered their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, BMO Capital Markets upped their price objective on 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $321.22.

McDonald’s Trading Up 1.1 %

NYSE:MCD opened at $284.49 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market capitalization of $203.87 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 3.68 and a beta of 0.73. The firm has a fifty day simple moving average of $291.49 and a two-hundred day simple moving average of $287.90.

McDonald’s (NYSE:MCD) last issued its earnings results 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 negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $3.19 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 8,605 shares of company stock valued at $2,508,102. Company 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.