MJP Associates Inc. ADV Has $750,000 Holdings in McDonald’s Co. (NYSE:MCD)

MJP Associates Inc. ADV grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,588 shares of the fast-food giant’s stock after acquiring an additional 55 shares during the quarter. MJP Associates Inc. ADV’s holdings in McDonald’s were worth $750,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mattern Capital Management LLC raised its stake in McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank raised its stake in McDonald’s by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares in the last quarter. YANKCOM Partnership acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. increased its stake in shares of McDonald’s by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after buying an additional 164 shares during the period. Finally, PFW Advisors LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $2,471,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was 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 directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This trade represents a 24.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,136 shares of company stock worth $8,676,247. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MCD. JPMorgan Chase & Co. upped their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Citigroup increased their target price on shares of McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Morgan Stanley decreased their target price 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. Robert W. Baird increased their target price on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets restated an “outperform” rating and set a $345.00 price target (up from $340.00) on shares of McDonald’s in a report on Monday, May 5th. Eleven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Stock Up 0.1%

Shares of MCD opened at $313.75 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The business’s fifty day moving average is $310.10 and its 200 day moving average is $300.11. The stock has a market cap of $224.35 billion, a P/E ratio of 27.55, a P/E/G ratio of 3.10 and a beta of 0.57.

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

McDonald’s 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.