McDonald’s Co. (NYSE:MCD) Shares Bought by First Financial Corp IN

First Financial Corp IN raised its position in McDonald’s Co. (NYSE:MCD) by 11.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,944 shares of the fast-food giant’s stock after purchasing an additional 297 shares during the period. First Financial Corp IN’s holdings in McDonald’s were worth $853,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MCD. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s in the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $31,000. Hara Capital LLC purchased a new stake 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 during the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s during the 3rd quarter valued at approximately $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,704 shares of company stock worth $2,829,428. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $283.20 on Tuesday. The firm has a market cap of $202.95 billion, a PE ratio of 24.86, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm’s 50 day moving average price is $293.75 and its 200-day moving average price is $286.65.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.19 earnings per share. Equities research analysts predict that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. BMO Capital Markets boosted 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. Finally, Wells Fargo & Company raised 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

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.