Envestnet Portfolio Solutions Inc. Has $6.04 Million Holdings in McDonald’s Corporation $MCD

Envestnet Portfolio Solutions Inc. increased its position in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,766 shares of the fast-food giant’s stock after acquiring an additional 3,319 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in McDonald’s were worth $6,041,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MCD. Your Advocates Ltd. LLP purchased a new stake in McDonald’s in the 4th quarter worth about $27,000. Park Place Capital Corp lifted its stake in McDonald’s by 95.7% in the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 45 shares in the last quarter. DecisionPoint Financial LLC lifted its stake in McDonald’s by 1,616.7% in the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after acquiring an additional 97 shares in the last quarter. Entrust Financial LLC purchased a new stake in McDonald’s in the 4th quarter worth about $31,000. Finally, Painted Porch Advisors LLC lifted its stake in McDonald’s by 735.7% in the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $280.39 on Thursday. The stock has a market cap of $199.22 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.79 and a beta of 0.43. The business has a 50 day simple moving average of $301.43 and a 200 day simple moving average of $309.54. McDonald’s Corporation has a 52 week low of $271.98 and a 52 week high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating the consensus estimate of $2.74 by $0.09. The business had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.67 EPS. On average, analysts predict that McDonald’s Corporation will post 12.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MCD shares. UBS Group increased their price objective on McDonald’s from $350.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Rothschild & Co Redburn raised shares of McDonald’s from a “sell” rating to a “neutral” rating and lifted their target price for the company from $260.00 to $306.00 in a research note on Thursday, April 23rd. KeyCorp decreased their target price on shares of McDonald’s from $345.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Citigroup lifted their target price on shares of McDonald’s from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $340.00 target price on shares of McDonald’s in a research note on Thursday, February 12th. Seventeen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.45.

View Our Latest Analysis on MCD

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 6,201 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the transaction, the executive vice president directly owned 2,291 shares of the company’s stock, valued at $763,567.39. This represents a 73.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 2,626 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $307.00, for a total transaction of $806,182.00. Following the transaction, the insider directly owned 8,400 shares in the company, valued at $2,578,800. The trade was a 23.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,119 shares of company stock worth $3,945,973 over the last three months. Company insiders own 0.26% of the company’s stock.

Key Headlines Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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