Lebenthal Global Advisors LLC Boosts Holdings in McDonald’s Co. (NYSE:MCD)

Lebenthal Global Advisors LLC grew its position in McDonald’s Co. (NYSE:MCD) by 23.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 827 shares of the fast-food giant’s stock after acquiring an additional 159 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in McDonald’s were worth $240,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCD. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets increased 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. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Baird R W lowered 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

McDonald’s Stock Performance

McDonald’s stock opened at $291.48 on Wednesday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market cap of $208.88 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. The stock has a 50-day moving average of $291.11 and a two-hundred day moving average of $288.97.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $3.19 EPS. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Insider Transactions at McDonald’s

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 completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,905 shares of company stock worth $2,592,327. Company insiders own 0.23% of the company’s stock.

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.