CCLA Investment Management Purchases 21,153 Shares of McDonald’s Co. (NYSE:MCD)

CCLA Investment Management boosted its stake in McDonald’s Co. (NYSE:MCD) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 421,233 shares of the fast-food giant’s stock after purchasing an additional 21,153 shares during the quarter. McDonald’s makes up 1.9% of CCLA Investment Management’s investment portfolio, making the stock its 24th largest position. CCLA Investment Management’s holdings in McDonald’s were worth $122,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Community Trust & Investment Co. increased its holdings in shares of McDonald’s by 3.8% in the 4th quarter. Community Trust & Investment Co. now owns 11,672 shares of the fast-food giant’s stock worth $3,384,000 after buying an additional 429 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of McDonald’s during the fourth quarter valued at approximately $1,169,000. Floyd Financial Group LLC purchased a new position in shares of McDonald’s in the fourth quarter valued at about $642,000. R.H. Investment Group LLC purchased a new stake in McDonald’s in the fourth quarter worth $3,561,000. Finally, Pines Wealth Management LLC bought a new position in McDonald’s in the fourth quarter worth about $1,252,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $281.40 on Wednesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a 50 day simple moving average of $293.43 and a 200 day simple moving average of $286.83. The firm has a market cap of $201.66 billion, a PE ratio of 24.71, a P/E/G ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company posted $3.19 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current year.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on 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. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock valued at $2,829,428 in the last ninety days. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several recent research reports. TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets boosted their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. KeyCorp increased their price target on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $311.00 to $334.00 in a report on Friday, January 10th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $321.39.

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.