Quantinno Capital Management LP Buys 20,140 Shares of McDonald’s Co. (NYSE:MCD)

Quantinno Capital Management LP raised its position in McDonald’s Co. (NYSE:MCD) by 38.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 72,740 shares of the fast-food giant’s stock after purchasing an additional 20,140 shares during the period. Quantinno Capital Management LP’s holdings in McDonald’s were worth $21,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wedmont Private Capital raised its stake in shares of McDonald’s by 9.1% during the fourth quarter. Wedmont Private Capital now owns 6,125 shares of the fast-food giant’s stock valued at $1,729,000 after acquiring an additional 510 shares in the last quarter. Cooper Financial Group boosted its stake in shares of McDonald’s by 1.9% during the fourth quarter. Cooper Financial Group now owns 2,010 shares of the fast-food giant’s stock valued at $583,000 after purchasing an additional 38 shares in the last quarter. PFW Advisors LLC bought a new position in McDonald’s in the fourth quarter worth approximately $2,471,000. Sentinel Pension Advisors Inc. lifted its holdings in McDonald’s by 9.7% during the fourth quarter. Sentinel Pension Advisors Inc. now owns 1,851 shares of the fast-food giant’s stock worth $537,000 after buying an additional 163 shares during the period. Finally, First Financial Corp IN boosted its position in McDonald’s by 11.2% during the 4th quarter. First Financial Corp IN now owns 2,944 shares of the fast-food giant’s stock valued at $853,000 after acquiring an additional 297 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MCD. Erste Group Bank upgraded McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. BMO Capital Markets restated an “outperform” rating and set a $345.00 target price (up from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Bank of America raised their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Eleven 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.91.

McDonald’s Stock Down 1.0%

MCD opened at $308.76 on Wednesday. The business’s 50 day moving average is $310.15 and its two-hundred day moving average is $300.31. The firm has a market cap of $220.79 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

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

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. The trade was a 24.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,636 shares of company stock valued at $5,420,722. Corporate insiders own 0.25% of the company’s stock.

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.