Cladis Investment Advisory LLC Raises Position in McDonald’s Co. (NYSE:MCD)

Cladis Investment Advisory LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,263 shares of the fast-food giant’s stock after purchasing an additional 273 shares during the quarter. Cladis Investment Advisory LLC’s holdings in McDonald’s were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Atala Financial Inc bought a new stake in shares of McDonald’s in the fourth quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $27,000. Collier Financial purchased a new stake in shares of McDonald’s in the fourth quarter worth about $29,000. Fairway Wealth LLC lifted its position in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of McDonald’s during the 4th quarter valued at approximately $30,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.4 %

MCD stock opened at $318.13 on Thursday. The business’s 50 day moving average is $309.74 and its 200-day moving average is $300.13. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market cap of $227.49 billion, a P/E ratio of 27.93, a P/E/G ratio of 3.10 and a beta of 0.57.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald’s’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.70 earnings per share. Sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the transaction, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,136 shares of company stock valued at $8,676,247 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research report on Monday. JPMorgan Chase & Co. upped their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Northcoast Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday. Wedbush upped their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley cut their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Eleven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.