Decker Retirement Planning Inc. Acquires Shares of 831 McDonald’s Co. (NYSE:MCD)

Decker Retirement Planning Inc. bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 831 shares of the fast-food giant’s stock, valued at approximately $241,000.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC bought a new position in McDonald’s in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC bought a new stake in shares of McDonald’s during the third quarter worth $72,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MCD shares. Barclays lifted their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. KeyCorp boosted their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group raised their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

McDonald’s Price Performance

MCD opened at $279.56 on Friday. The company has a market capitalization of $200.34 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 3.67 and a beta of 0.73. The business’s 50-day moving average price is $293.20 and its two-hundred day moving average price is $286.80. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 EPS. Sell-side analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Insider Activity at McDonald’s

In related 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 sale, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the firm’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 value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. Corporate insiders own 0.23% of the company’s stock.

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.