Courier Capital LLC Has $3.43 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Courier Capital LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,821 shares of the fast-food giant’s stock after selling 111 shares during the period. Courier Capital LLC’s holdings in McDonald’s were worth $3,427,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new stake in McDonald’s during the 3rd quarter worth approximately $1,394,000. Charles Schwab Investment Management Inc. grew its stake in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after purchasing an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in McDonald’s in the 3rd quarter valued at $16,870,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.3 %

Shares of McDonald’s stock traded up $0.89 during mid-day trading on Monday, reaching $283.20. 3,392,220 shares of the stock traded hands, compared to its average volume of 3,095,974. The business has a 50-day moving average of $293.94 and a 200 day moving average of $286.47. The stock has a market capitalization of $202.95 billion, a PE ratio of 24.86, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (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 the consensus estimate of $6.82 billion. During the same period last year, the company earned $3.19 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts expect that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MCD. TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. The Goldman Sachs Group increased their price target on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, KeyCorp lifted their price objective on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Ten equities research 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated 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 directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 in the last ninety days. 0.23% of the stock is owned by corporate insiders.

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.