CFS Investment Advisory Services LLC Increases Holdings in McDonald’s Co. (NYSE:MCD)

CFS Investment Advisory Services LLC increased its position in McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,471 shares of the fast-food giant’s stock after acquiring an additional 154 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in McDonald’s were worth $2,456,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated 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 approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Up 0.3 %

Shares of NYSE:MCD opened at $285.37 on Friday. The company has a 50 day moving average of $291.07 and a two-hundred day moving average of $288.14. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market capitalization of $204.50 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MCD. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Loop Capital reissued a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. UBS Group lifted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and increased their price target for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $320.78.

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.