ST Germain D J Co. Inc. Has $4.51 Million Stock Position in McDonald’s Co. (NYSE:MCD)

ST Germain D J Co. Inc. boosted its stake in McDonald’s Co. (NYSE:MCD) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 15,549 shares of the fast-food giant’s stock after purchasing an additional 306 shares during the quarter. ST Germain D J Co. Inc.’s holdings in McDonald’s were worth $4,508,000 at the end of the most recent reporting period.

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

McDonald’s Trading Down 1.2 %

McDonald’s stock traded down $3.35 during midday trading on Friday, reaching $283.55. The stock had a trading volume of 1,390,610 shares, compared to its average volume of 2,600,959. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market capitalization of $203.20 billion, a P/E ratio of 24.89, a PEG ratio of 3.95 and a beta of 0.73. The company has a fifty day moving average price of $294.20 and a two-hundred day moving average price of $285.92.

McDonald’s (NYSE:MCD) last released 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 negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the company posted $3.19 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This trade represents a 44.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction 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 transaction, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,050 shares of company stock worth $3,556,688. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MCD shares. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Loop Capital reissued a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. KeyCorp boosted their price objective on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. BMO Capital Markets lifted their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and upped their price objective for the company from $311.00 to $334.00 in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.