Mount Yale Investment Advisors LLC Raises Holdings in McDonald’s Co. (NYSE:MCD)

Mount Yale Investment Advisors LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,693 shares of the fast-food giant’s stock after purchasing an additional 405 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in McDonald’s were worth $1,651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the third quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the third quarter worth about $31,000. Hara Capital LLC acquired a new position in McDonald’s in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s in the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC acquired a new position in McDonald’s in the third quarter valued at approximately $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $293.16 on Tuesday. The stock’s fifty day moving average is $291.07 and its two-hundred day moving average is $288.70. The firm has a market capitalization of $210.08 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 3.66 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 released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 earnings per share. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.72 EPS for the current year.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on 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 $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock worth $2,592,327 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on MCD. Morgan Stanley decreased their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Wedbush reissued an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, UBS Group upped their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $320.78.

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.