Prestige Wealth Management Group LLC Boosts Holdings in McDonald’s Co. (NYSE:MCD)

Prestige Wealth Management Group LLC increased its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,344 shares of the fast-food giant’s stock after buying an additional 70 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in McDonald’s were worth $992,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the third quarter valued at $192,165,000. Barclays PLC raised its holdings in shares of McDonald’s by 16.7% in the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after buying an additional 429,000 shares during the period. Winslow Capital Management LLC lifted its stake in McDonald’s by 39.6% during the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after acquiring an additional 370,699 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in McDonald’s by 147.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 527,180 shares of the fast-food giant’s stock valued at $138,880,000 after acquiring an additional 314,510 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of NYSE:MCD traded down $1.13 on Friday, reaching $272.38. The company’s stock had a trading volume of 2,454,570 shares, compared to its average volume of 3,564,655. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock has a market capitalization of $196.30 billion, a P/E ratio of 23.12, a PEG ratio of 3.05 and a beta of 0.71. The stock’s 50-day moving average is $275.14 and its two-hundred day moving average is $283.50.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the company earned $2.63 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was 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. Insiders sold 2,997 shares of company stock worth $836,300 over the last 90 days. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MCD. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Evercore ISI reissued an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. Bank of America upped their price objective on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Robert W. Baird decreased their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, Guggenheim cut their price target on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $317.74.

View Our Latest Report on MCD

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

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