Silvercrest Asset Management Group LLC Increases Stock Position in McDonald’s Co. (NYSE:MCD)

Silvercrest Asset Management Group LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 56.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,028 shares of the fast-food giant’s stock after buying an additional 27,686 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in McDonald’s were worth $22,330,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Rafferty Asset Management LLC boosted its stake in McDonald’s by 13.3% during the fourth quarter. Rafferty Asset Management LLC now owns 65,785 shares of the fast-food giant’s stock worth $19,070,000 after buying an additional 7,709 shares during the period. Raiffeisen Bank International AG purchased a new position in McDonald’s during the fourth quarter worth about $2,463,000. Polar Asset Management Partners Inc. purchased a new position in McDonald’s during the fourth quarter worth about $49,281,000. Quantinno Capital Management LP boosted its stake in McDonald’s by 38.3% during the fourth quarter. Quantinno Capital Management LP now owns 72,740 shares of the fast-food giant’s stock worth $21,087,000 after buying an additional 20,140 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new position in McDonald’s during the fourth quarter worth about $3,066,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 3,200 shares of the firm’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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,636 shares of company stock worth $5,420,722 in the last 90 days. 0.25% of the stock is owned by insiders.

McDonald’s Trading Up 1.3%

MCD stock opened at $318.51 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company’s 50 day moving average is $310.04 and its two-hundred day moving average is $300.64. The stock has a market cap of $227.76 billion, a P/E ratio of 27.96, a PEG ratio of 3.10 and a beta of 0.57.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MCD. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. TD Securities reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Bank of America raised their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.