McDonald’s Co. (NYSE:MCD) Shares Purchased by Range Financial Group LLC

Range Financial Group LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 299.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,473 shares of the fast-food giant’s stock after purchasing an additional 7,851 shares during the period. McDonald’s comprises about 1.4% of Range Financial Group LLC’s portfolio, making the stock its 10th biggest holding. Range Financial Group LLC’s holdings in McDonald’s were worth $3,036,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in McDonald’s in the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the 3rd quarter worth $31,000. Hara Capital LLC purchased a new stake in McDonald’s in the 3rd quarter worth $44,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s in the 3rd quarter worth $58,000. Finally, FSA Wealth Management LLC purchased a new stake in McDonald’s in the 3rd quarter worth $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on MCD. UBS Group boosted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group upped their target price on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $320.65.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 44.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,050 shares of company stock valued at $3,556,688. 0.23% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of NYSE MCD traded down $2.80 during midday trading on Tuesday, hitting $289.38. The company’s stock had a trading volume of 3,418,002 shares, compared to its average volume of 2,901,824. The business’s fifty day simple moving average is $294.52 and its two-hundred day simple moving average is $285.69. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market capitalization of $207.38 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate 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 firm posted $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current fiscal 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.