Simon Quick Advisors LLC Grows Holdings in McDonald’s Co. (NYSE:MCD)

by · The Markets Daily

Simon Quick Advisors LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 8.6% in the fourth quarter, Holdings Channel reports. The firm owned 5,388 shares of the fast-food giant’s stock after acquiring an additional 428 shares during the period. Simon Quick Advisors LLC’s holdings in McDonald’s were worth $1,562,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. raised its stake in shares of McDonald’s by 2.4% during the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock worth $433,000 after acquiring an additional 33 shares in the last quarter. Riversedge Advisors LLC grew its holdings in McDonald’s by 2.0% in the third quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock worth $513,000 after purchasing an additional 33 shares during the last quarter. Proquility Private Wealth Partners LLC lifted its holdings in shares of McDonald’s by 1.0% during the 3rd quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock valued at $1,057,000 after purchasing an additional 35 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in McDonald’s by 2.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after buying an additional 35 shares during the last quarter. Finally, GDS Wealth Management increased its position in McDonald’s by 1.4% during the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after buying an additional 35 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MCD has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. UBS Group boosted their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company raised their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $321.22.

Get Our Latest Analysis on MCD

McDonald’s Price Performance

Shares of MCD stock opened at $282.85 on Wednesday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market cap of $202.69 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 3.65 and a beta of 0.73. The stock has a 50 day simple moving average of $292.12 and a 200-day simple moving average of $287.72.

McDonald’s (NYSE:MCD – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $3.19 earnings per share. Analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 8,605 shares of company stock worth $2,508,102. Insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

(Free Report)

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.

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