Oak Thistle LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

Oak Thistle LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,032 shares of the fast-food giant’s stock, valued at approximately $1,169,000.

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

McDonald’s Trading Down 0.8 %

MCD opened at $281.40 on Wednesday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The stock has a market capitalization of $201.66 billion, a PE ratio of 24.71, a PEG ratio of 3.95 and a beta of 0.73. The firm has a 50-day moving average price of $293.43 and a two-hundred day moving average price of $286.83.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating 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 business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that McDonald’s Co. will post 11.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MCD shares. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and upped their price target for the company from $311.00 to $334.00 in a report on Friday, January 10th. Finally, Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $321.39.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were 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 directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This 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 worth $2,829,428 over the last 90 days. 0.23% of the stock is owned by insiders.

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.