Doliver Advisors LP Has $1.29 Million Stake in McDonald’s Co. (NYSE:MCD)

Doliver Advisors LP boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,456 shares of the fast-food giant’s stock after purchasing an additional 180 shares during the quarter. Doliver Advisors LP’s holdings in McDonald’s were worth $1,292,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Bank of America boosted their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday. Finally, KeyCorp upped their price objective on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $320.65.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction 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 trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred 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 sale, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,050 shares of company stock valued at $3,556,688 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD traded down $1.69 on Monday, reaching $293.09. The company’s stock had a trading volume of 1,545,279 shares, compared to its average volume of 2,278,306. The firm has a market cap of $210.03 billion, a PE ratio of 25.73, a PEG ratio of 3.95 and a beta of 0.73. The business’s 50-day moving average price is $294.61 and its two-hundred day moving average price is $285.42. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.19 EPS. As a group, sell-side analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

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.