Bennett Selby Investments LP Raises Stake in McDonald’s Co. (NYSE:MCD)

Bennett Selby Investments LP increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,174 shares of the fast-food giant’s stock after buying an additional 37 shares during the period. McDonald’s comprises about 0.6% of Bennett Selby Investments LP’s holdings, making the stock its 27th biggest position. Bennett Selby Investments LP’s holdings in McDonald’s were worth $1,500,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s during the third quarter valued at about $31,000. Hara Capital LLC purchased a new stake in McDonald’s in the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s during the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of McDonald’s in the third quarter worth $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, 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 owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. BMO Capital Markets raised their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $320.78.

McDonald’s Stock Performance

Shares of MCD opened at $285.37 on Friday. The firm’s 50-day simple moving average is $291.21 and its two-hundred day simple moving average is $287.88. The stock has a market cap of $204.50 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. 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 announced its quarterly earnings data 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. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.19 EPS. Equities research analysts predict that McDonald’s Co. will post 11.72 EPS for the current year.

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.