ARS Wealth Advisors Group LLC Has $2.24 Million Holdings in McDonald’s Co. (NYSE:MCD)

ARS Wealth Advisors Group LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 19.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,740 shares of the fast-food giant’s stock after purchasing an additional 1,271 shares during the period. ARS Wealth Advisors Group LLC’s holdings in McDonald’s were worth $2,244,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. International Assets Investment Management LLC boosted its position in McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after purchasing an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after acquiring an additional 677,139 shares during the period. Mondrian Investment Partners LTD purchased a new position in McDonald’s in the second quarter valued at about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of McDonald’s during the 3rd quarter worth approximately $121,254,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of McDonald’s by 8.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after purchasing an additional 354,196 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 over the last quarter. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MCD. Morgan Stanley raised their target price on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. TD Cowen reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Barclays upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Bank of America raised their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, UBS Group boosted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Price Performance

Shares of MCD traded up $1.44 during mid-day trading on Wednesday, reaching $283.02. The company’s stock had a trading volume of 260,898 shares, compared to its average volume of 2,678,371. The stock has a market cap of $202.82 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company’s 50 day moving average is $293.43 and its 200 day moving average is $286.83.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the business earned $3.19 EPS. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

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.