Finley Financial LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

Finley Financial LLC purchased a new position in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 361 shares of the fast-food giant’s stock, valued at approximately $102,000.

Other large investors have also recently bought and sold shares of the company. Certified Advisory Corp grew its stake in shares of McDonald’s by 16.0% in the 2nd quarter. Certified Advisory Corp now owns 1,235 shares of the fast-food giant’s stock valued at $315,000 after buying an additional 170 shares during the period. Public Sector Pension Investment Board grew its stake in shares of McDonald’s by 71.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 27,644 shares of the fast-food giant’s stock valued at $7,045,000 after buying an additional 11,539 shares during the period. Resources Management Corp CT ADV boosted its stake in McDonald’s by 0.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 67,922 shares of the fast-food giant’s stock valued at $17,309,000 after purchasing an additional 509 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its stake in McDonald’s by 53.6% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 3,865 shares of the fast-food giant’s stock valued at $985,000 after purchasing an additional 1,348 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in McDonald’s by 58.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after purchasing an additional 51,210 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of analyst reports. Morgan Stanley cut their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday. Evercore ISI lifted their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.22.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $989,121.35. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 8,605 shares of company stock worth $2,508,102 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.7 %

McDonald’s stock opened at $282.85 on Wednesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The business’s 50 day simple moving average is $291.81 and its 200 day simple moving average is $287.95. 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.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.19 earnings per share. As a group, equities research analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s 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.