Conrad Siegel Investment Advisors Inc. Takes Position in McDonald’s Co. (NYSE:MCD)

Conrad Siegel Investment Advisors Inc. acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, HoldingsChannel reports. The firm acquired 784 shares of the fast-food giant’s stock, valued at approximately $227,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s in the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s during the third quarter worth about $58,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of McDonald’s in the third quarter valued at about $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock worth $2,829,428 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MCD. TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Barclays raised their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Evercore ISI upped their target price on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, KeyCorp lifted their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Stock Up 0.3 %

MCD stock traded up $0.89 during trading on Monday, reaching $283.20. 3,385,330 shares of the company’s stock were exchanged, compared to its average volume of 3,095,974. The firm has a market cap of $202.95 billion, a PE ratio of 24.86, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company’s fifty day moving average price is $293.94 and its 200-day moving average price is $286.47.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.19 earnings per share. As a group, sell-side analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

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.