Unique Wealth LLC Purchases 112 Shares of McDonald’s Co. (NYSE:MCD)

Unique Wealth LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,470 shares of the fast-food giant’s stock after buying an additional 112 shares during the quarter. Unique Wealth LLC’s holdings in McDonald’s were worth $1,006,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MCD. American Century Companies Inc. boosted its position in shares of McDonald’s by 1.9% during the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after buying an additional 915 shares during the period. Thompson Siegel & Walmsley LLC grew its position in McDonald’s by 69.0% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 45,805 shares of the fast-food giant’s stock valued at $11,673,000 after acquiring an additional 18,700 shares during the last quarter. Quilter Plc lifted its position in shares of McDonald’s by 6.9% during the second quarter. Quilter Plc now owns 14,264 shares of the fast-food giant’s stock worth $3,635,000 after purchasing an additional 916 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of McDonald’s by 34.7% during the second quarter. Brown Brothers Harriman & Co. now owns 106,432 shares of the fast-food giant’s stock valued at $27,123,000 after purchasing an additional 27,441 shares during the period. Finally, Greenwich Wealth Management LLC grew its holdings in shares of McDonald’s by 4.8% in the second quarter. Greenwich Wealth Management LLC now owns 2,309 shares of the fast-food giant’s stock worth $588,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Barclays increased their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Morgan Stanley upped their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. KeyCorp raised their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $321.39.

McDonald’s Stock Up 0.3 %

Shares of NYSE MCD opened at $283.20 on Tuesday. The firm has a 50-day moving average price of $293.75 and a 200 day moving average price of $286.65. The stock has a market capitalization of $202.95 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

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 business had revenue of $6.87 billion during 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 business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.19 EPS. Equities research analysts expect that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock valued at $2,829,428 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.