CX Institutional Acquires 2,128 Shares of McDonald’s Co. (NYSE:MCD)

CX Institutional lifted its holdings in McDonald’s Co. (NYSE:MCD) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,168 shares of the fast-food giant’s stock after purchasing an additional 2,128 shares during the quarter. CX Institutional’s holdings in McDonald’s were worth $8,456,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the 3rd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the third quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s during the third quarter worth $58,000. Finally, FSA Wealth Management LLC bought a new position in McDonald’s in the third quarter valued at $72,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MCD shares. Evercore ISI increased their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Barclays raised their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price objective on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. UBS Group boosted their target price 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. Finally, Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $321.22.

McDonald’s Price Performance

Shares of NYSE MCD opened at $283.86 on Friday. The stock has a market capitalization of $203.42 billion, a PE ratio of 24.92, a P/E/G ratio of 3.66 and a beta of 0.73. The business has a fifty day moving average price of $291.49 and a two-hundred day moving average price of $287.90. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last issued 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. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company earned $3.19 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts expect that McDonald’s Co. will post 11.72 EPS for the current year.

Insider Transactions at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,605 shares of company stock valued at $2,508,102. Corporate insiders own 0.23% of the company’s stock.

McDonald’s 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.