Wealth Enhancement Advisory Services LLC Has $146.27 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Wealth Enhancement Advisory Services LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 480,355 shares of the fast-food giant’s stock after buying an additional 114,692 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in McDonald’s were worth $146,272,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC grew its holdings in shares of McDonald’s by 4.8% during the fourth quarter. ORG Partners LLC now owns 1,569 shares of the fast-food giant’s stock worth $456,000 after purchasing an additional 72 shares during the last quarter. Fortitude Family Office LLC grew its holdings in McDonald’s by 39.4% during the 4th quarter. Fortitude Family Office LLC now owns 4,214 shares of the fast-food giant’s stock worth $1,222,000 after acquiring an additional 1,190 shares during the last quarter. First Hawaiian Bank grew its holdings in McDonald’s by 1.7% during the 4th quarter. First Hawaiian Bank now owns 11,191 shares of the fast-food giant’s stock worth $3,244,000 after acquiring an additional 184 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in shares of McDonald’s by 23.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,359 shares of the fast-food giant’s stock valued at $684,000 after acquiring an additional 447 shares during the last quarter. Finally, InvesTrust acquired a new position in shares of McDonald’s during the fourth quarter worth $8,015,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of McDonald’s stock traded down $2.59 during mid-day trading on Friday, hitting $284.31. 1,257,127 shares of the stock were exchanged, compared to its average volume of 2,578,751. The company has a market capitalization of $203.74 billion, a P/E ratio of 24.96, a P/E/G ratio of 3.95 and a beta of 0.73. The company has a 50-day simple moving average of $294.20 and a 200 day simple moving average of $285.92. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the firm earned $3.19 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Analysts predict that McDonald’s Co. will post 11.75 EPS for the current year.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 44.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. UBS Group raised their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley boosted their price target on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. 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 boosted their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $321.39.

McDonald’s Company Profile

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.