Norris Perne & French LLP MI Acquires Shares of 722 McDonald’s Co. (NYSE:MCD)

Norris Perne & French LLP MI bought a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 722 shares of the fast-food giant’s stock, valued at approximately $209,000.

Other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of McDonald’s by 312.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,370 shares of the fast-food giant’s stock valued at $10,543,000 after buying an additional 31,351 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of McDonald’s by 3.6% in the second quarter. Centaurus Financial Inc. now owns 5,387 shares of the fast-food giant’s stock worth $1,373,000 after acquiring an additional 187 shares in the last quarter. Mattson Financial Services LLC acquired a new stake in shares of McDonald’s during the second quarter worth about $2,740,000. Jacobs & Co. CA lifted its holdings in shares of McDonald’s by 5.0% during the 3rd quarter. Jacobs & Co. CA now owns 43,238 shares of the fast-food giant’s stock valued at $13,166,000 after purchasing an additional 2,072 shares in the last quarter. Finally, Appleton Partners Inc. MA grew its position in shares of McDonald’s by 9.1% in the 3rd quarter. Appleton Partners Inc. MA now owns 19,241 shares of the fast-food giant’s stock valued at $5,859,000 after purchasing an additional 1,603 shares during the period. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on MCD. Morgan Stanley cut their price objective 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, January 21st. UBS Group boosted their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Bank of America increased 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. Barclays boosted their target price on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $320.87.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value 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. This represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. 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 7,406 shares of company stock valued at $2,150,857 over the last three months. 0.23% of the stock is owned by corporate insiders.

McDonald’s Price Performance

MCD opened at $290.19 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm’s fifty day moving average price is $291.11 and its two-hundred day moving average price is $289.24. The company has a market capitalization of $207.96 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during 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%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $3.19 earnings per share. As a group, equities analysts anticipate that McDonald’s Co. will post 11.68 EPS for the current 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.