FWL Investment Management LLC Has $1.79 Million Stock Position in McDonald’s Co. (NYSE:MCD)

FWL Investment Management LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,173 shares of the fast-food giant’s stock after buying an additional 52 shares during the quarter. FWL Investment Management LLC’s holdings in McDonald’s were worth $1,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Atala Financial Inc acquired a new stake in McDonald’s in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $27,000. Collier Financial bought a new stake in McDonald’s in the 4th quarter valued at about $29,000. Fairway Wealth LLC raised its stake in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after buying an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new position in McDonald’s in the fourth quarter worth approximately $30,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MCD. Citigroup upped their target price on McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. KeyCorp raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Bank of America lifted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. 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. Finally, JPMorgan Chase & Co. lifted their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Eleven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.91.

Insider Transactions at McDonald’s

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

McDonald’s Stock Up 0.4 %

Shares of MCD opened at $318.13 on Thursday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a market capitalization of $227.49 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The firm has a 50 day moving average of $309.74 and a 200 day moving average of $300.13.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the prior year, the business earned $2.70 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

About McDonald’s

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.