Mountain Pacific Investment Advisers LLC Has $756,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Mountain Pacific Investment Advisers LLC decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,608 shares of the fast-food giant’s stock after selling 120 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in McDonald’s were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Cove Private Wealth LLC grew its stake in shares of McDonald’s by 4.2% in the fourth quarter. Cove Private Wealth LLC now owns 2,657 shares of the fast-food giant’s stock worth $770,000 after acquiring an additional 107 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in McDonald’s by 1.1% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,678 shares of the fast-food giant’s stock valued at $1,356,000 after purchasing an additional 51 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in McDonald’s by 1.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 127,777 shares of the fast-food giant’s stock worth $37,041,000 after purchasing an additional 2,297 shares during the last quarter. Corundum Group Inc. increased its holdings in shares of McDonald’s by 51.8% during the 4th quarter. Corundum Group Inc. now owns 5,395 shares of the fast-food giant’s stock worth $1,564,000 after purchasing an additional 1,841 shares during the period. Finally, DLK Investment Management LLC raised its position in shares of McDonald’s by 0.6% during the fourth quarter. DLK Investment Management LLC now owns 15,343 shares of the fast-food giant’s stock valued at $4,448,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.4 %

Shares of MCD stock opened at $280.90 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. The stock has a 50-day moving average price of $292.54 and a 200 day moving average price of $287.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping 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 the consensus estimate of $6.82 billion. During the same period in the previous year, the firm posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCD. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Bank of America lifted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock valued at $2,829,428 in the last 90 days. 0.23% of the stock is owned by company insiders.

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.