Sonora Investment Management Group LLC Has $13.30 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Sonora Investment Management Group LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,861 shares of the fast-food giant’s stock after acquiring an additional 1,011 shares during the period. Sonora Investment Management Group LLC’s holdings in McDonald’s were worth $13,295,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Oak Harvest Investment Services increased its holdings in McDonald’s by 52.1% during the fourth quarter. Oak Harvest Investment Services now owns 24,503 shares of the fast-food giant’s stock worth $7,103,000 after buying an additional 8,396 shares during the last quarter. Fortune Financial Advisors LLC increased its position in McDonald’s by 1.6% during the fourth quarter. Fortune Financial Advisors LLC now owns 3,322 shares of the fast-food giant’s stock worth $963,000 after buying an additional 53 shares during the last quarter. Norris Perne & French LLP MI bought a new position in shares of McDonald’s during the 4th quarter worth approximately $209,000. Dumont & Blake Investment Advisors LLC increased its holdings in shares of McDonald’s by 145.8% during the 4th quarter. Dumont & Blake Investment Advisors LLC now owns 3,507 shares of the fast-food giant’s stock worth $1,017,000 after acquiring an additional 2,080 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in McDonald’s in the 4th quarter valued at $2,486,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reduced their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. UBS Group boosted their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Evercore ISI increased their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Stock Up 0.0 %

Shares of McDonald’s stock opened at $290.19 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The business has a 50 day moving average price of $291.11 and a 200-day moving average price of $289.24. The company has a market cap of $207.96 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73.

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. 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 firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 EPS. As a group, research analysts anticipate that McDonald’s Co. will post 11.68 EPS for the current year.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were 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 $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by company insiders.

About McDonald’s

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.