Secure Asset Management LLC Has $2.18 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Secure Asset Management LLC raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,520 shares of the fast-food giant’s stock after purchasing an additional 223 shares during the quarter. Secure Asset Management LLC’s holdings in McDonald’s were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Verde Capital Management bought a new position in shares of McDonald’s during the fourth quarter valued at $477,000. Red Door Wealth Management LLC lifted its holdings in McDonald’s by 71.9% during the 4th quarter. Red Door Wealth Management LLC now owns 5,615 shares of the fast-food giant’s stock valued at $1,628,000 after purchasing an additional 2,349 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC lifted its holdings in McDonald’s by 6.6% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,069 shares of the fast-food giant’s stock valued at $600,000 after purchasing an additional 128 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in McDonald’s by 5.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 3,643 shares of the fast-food giant’s stock valued at $1,056,000 after buying an additional 181 shares in the last quarter. Finally, Independent Wealth Network Inc. grew its stake in McDonald’s by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after buying an additional 36 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,605 shares of company stock valued at $2,508,102 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Barclays increased their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their target price 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 research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $321.22.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $284.49 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market capitalization of $203.87 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 3.68 and a beta of 0.73. The business has a 50-day moving average of $291.49 and a two-hundred day moving average of $287.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.19 earnings per share. On average, equities analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Company 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.