Wealthspire Advisors LLC Acquires 2,258 Shares of McDonald’s Co. (NYSE:MCD)

Wealthspire Advisors LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,454 shares of the fast-food giant’s stock after acquiring an additional 2,258 shares during the period. Wealthspire Advisors LLC’s holdings in McDonald’s were worth $4,582,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Independent Wealth Network Inc. lifted its stake in shares of McDonald’s by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after acquiring an additional 35 shares during the period. Paragon Capital Management Ltd increased its holdings in shares of McDonald’s by 2.7% in the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after purchasing an additional 36 shares in the last quarter. Mechanics Financial Corp increased its holdings in shares of McDonald’s by 0.7% in the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares in the last quarter. Unique Wealth LLC increased its holdings in shares of McDonald’s by 1.2% in the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares in the last quarter. Finally, Patron Partners LLC increased its holdings in shares of McDonald’s by 0.7% in the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after purchasing an additional 38 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. TD Cowen reiterated a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a report on Tuesday, April 30th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Bank of America raised their target price on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $317.74.

McDonald’s Stock Up 0.4 %

Shares of MCD traded up $1.04 during mid-day trading on Wednesday, hitting $268.54. The company had a trading volume of 3,258,983 shares, compared to its average volume of 3,309,299. The business’s 50-day simple moving average is $278.43 and its 200-day simple moving average is $282.90. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The stock has a market cap of $193.62 billion, a PE ratio of 22.80, a P/E/G ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period in the prior year, the business posted $2.63 earnings per share. McDonald’s’s revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that McDonald’s Co. will post 12.18 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.