Evanson Asset Management LLC Has $905,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Evanson Asset Management LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,121 shares of the fast-food giant’s stock after selling 53 shares during the quarter. Evanson Asset Management LLC’s holdings in McDonald’s were worth $905,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cambridge Advisors Inc. boosted its position in shares of McDonald’s by 11.7% in the fourth quarter. Cambridge Advisors Inc. now owns 908 shares of the fast-food giant’s stock worth $263,000 after buying an additional 95 shares during the period. Liberty One Investment Management LLC lifted its stake in McDonald’s by 0.9% in the 4th quarter. Liberty One Investment Management LLC now owns 104,315 shares of the fast-food giant’s stock worth $30,240,000 after acquiring an additional 973 shares in the last quarter. Cadinha & Co. LLC boosted its position in McDonald’s by 75.4% during the 4th quarter. Cadinha & Co. LLC now owns 90,297 shares of the fast-food giant’s stock worth $26,176,000 after acquiring an additional 38,805 shares during the period. J2 Capital Management Inc purchased a new position in McDonald’s during the 4th quarter valued at about $539,000. Finally, Aaron Wealth Advisors LLC increased its holdings in shares of McDonald’s by 13.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 5,571 shares of the fast-food giant’s stock valued at $1,615,000 after purchasing an additional 678 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $280.90 on Monday. The stock has a market cap of $201.30 billion, a P/E ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. The company has a fifty day moving average price of $292.54 and a 200 day moving average price of $287.24. McDonald’s Co. has a one year low of $243.53 and a one 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 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the company earned $3.19 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on MCD shares. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Bank of America lifted their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is currently owned by company insiders.

About McDonald’s

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.