McDonald’s Co. (NYSE:MCD) Shares Acquired by Silver Lake Advisory LLC

Silver Lake Advisory LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,118 shares of the fast-food giant’s stock after purchasing an additional 45 shares during the period. McDonald’s accounts for about 1.4% of Silver Lake Advisory LLC’s holdings, making the stock its 29th biggest position. Silver Lake Advisory LLC’s holdings in McDonald’s were worth $3,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fred Alger Management LLC lifted its holdings in McDonald’s by 5.9% in the 2nd quarter. Fred Alger Management LLC now owns 17,555 shares of the fast-food giant’s stock valued at $4,474,000 after purchasing an additional 985 shares in the last quarter. AXA S.A. lifted its stake in shares of McDonald’s by 1.8% during the second quarter. AXA S.A. now owns 180,537 shares of the fast-food giant’s stock valued at $46,008,000 after buying an additional 3,202 shares during the period. Ameriprise Financial Inc. boosted its position in McDonald’s by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after acquiring an additional 354,196 shares during the last quarter. DoubleLine ETF Adviser LP purchased a new stake in McDonald’s in the 2nd quarter worth approximately $3,774,000. Finally, MBB Public Markets I LLC raised its holdings in McDonald’s by 2,268.8% in the 2nd quarter. MBB Public Markets I LLC now owns 51,284 shares of the fast-food giant’s stock valued at $13,069,000 after acquiring an additional 49,119 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 1.1 %

Shares of NYSE MCD opened at $284.49 on Friday. The business has a 50 day moving average price of $291.49 and a two-hundred day moving average price of $287.90. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm has a market cap of $203.87 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 3.66 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 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 firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm posted $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,605 shares of company stock valued at $2,508,102 in the last quarter. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MCD shares. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Bank of America increased their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and boosted their price target for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $321.22.

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.