LexAurum Advisors LLC Acquires 316 Shares of McDonald’s Co. (NYSE:MCD)

LexAurum Advisors LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 47.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 976 shares of the fast-food giant’s stock after acquiring an additional 316 shares during the quarter. LexAurum Advisors LLC’s holdings in McDonald’s were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MCD. International Assets Investment Management LLC lifted its stake in shares of McDonald’s by 31,151.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after buying an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after acquiring an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of McDonald’s in the third quarter valued at approximately $121,254,000. Zurich Insurance Group Ltd FI grew its position in shares of McDonald’s by 3,580.1% in the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after purchasing an additional 261,350 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 worth $4,833,510,000 after purchasing an additional 220,365 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on MCD. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Bank of America lifted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $320.78.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $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. In the last ninety days, insiders sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Up 0.3 %

NYSE MCD opened at $285.37 on Friday. The company has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The business’s fifty day moving average is $291.21 and its 200 day moving average is $287.88.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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 negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the firm posted $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts anticipate that McDonald’s Co. will post 11.72 earnings per share 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.