ORG Partners LLC Acquires 72 Shares of McDonald’s Co. (NYSE:MCD)

ORG Partners LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,569 shares of the fast-food giant’s stock after purchasing an additional 72 shares during the period. ORG Partners LLC’s holdings in McDonald’s were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of McDonald’s by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after acquiring an additional 220,365 shares during the last quarter. Wellington Management Group LLP grew its holdings in McDonald’s by 0.9% during the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after purchasing an additional 128,800 shares during the last quarter. Legal & General Group Plc raised its position in shares of McDonald’s by 3.2% in the second quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock valued at $1,567,030,000 after purchasing an additional 188,888 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of McDonald’s by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after buying an additional 354,196 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the 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 directly owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at approximately $900,550. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,050 shares of company stock valued at $3,556,688 over the last three months. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group boosted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. TD Cowen reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Evercore ISI raised their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. The Goldman Sachs Group upped their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets raised their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. 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 stock has an average rating of “Moderate Buy” and an average price target of $321.39.

McDonald’s Price Performance

NYSE MCD opened at $282.22 on Friday. The stock’s 50 day simple moving average is $293.94 and its 200 day simple moving average is $286.07. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market cap of $202.24 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping 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 company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the business earned $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current 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.