Encompass More Asset Management Buys 169 Shares of McDonald’s Co. (NYSE:MCD)

Encompass More Asset Management boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,711 shares of the fast-food giant’s stock after buying an additional 169 shares during the period. Encompass More Asset Management’s holdings in McDonald’s were worth $786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCD. International Assets Investment Management LLC increased its position in shares of McDonald’s by 31,151.1% during the 3rd 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of McDonald’s by 542.9% during 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 buying an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of McDonald’s in the third quarter valued at approximately $121,254,000. Ameriprise Financial Inc. boosted 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 acquiring an additional 354,196 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI grew its position in McDonald’s by 3,580.1% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after acquiring an additional 261,350 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.0 %

Shares of McDonald’s stock opened at $284.37 on Friday. The firm’s 50-day moving average price is $291.49 and its two-hundred day moving average price is $287.90. The company has a market capitalization of $203.78 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 3.66 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.

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, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company earned $3.19 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on MCD shares. Bank of America upped their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. 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. Morgan Stanley reduced their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a report on Tuesday. Loop Capital restated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Finally, KeyCorp lifted their price objective on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $321.22.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,605 shares of company stock valued at $2,508,102. 0.23% of the stock is currently owned by corporate 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.