Praetorian Wealth Management Inc. Buys Shares of 984 McDonald’s Co. (NYSE:MCD)

Praetorian Wealth Management Inc. bought a new stake in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 984 shares of the fast-food giant’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of McDonald’s by 494.9% in the second quarter. Acadian Asset Management LLC now owns 19,179 shares of the fast-food giant’s stock worth $4,886,000 after buying an additional 15,955 shares in the last quarter. HHM Wealth Advisors LLC raised its position in shares of McDonald’s by 19.6% in the second quarter. HHM Wealth Advisors LLC now owns 719 shares of the fast-food giant’s stock worth $183,000 after buying an additional 118 shares in the last quarter. LPL Financial LLC raised its position in shares of McDonald’s by 8.2% in the second quarter. LPL Financial LLC now owns 1,105,675 shares of the fast-food giant’s stock worth $281,770,000 after buying an additional 83,807 shares in the last quarter. Mitchell Sinkler & Starr PA purchased a new stake in shares of McDonald’s in the second quarter worth $247,000. Finally, American Century Companies Inc. raised its position in shares of McDonald’s by 1.9% in the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock worth $12,281,000 after buying an additional 915 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,050 shares of company stock worth $3,556,688 over the last three months. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MCD. Barclays increased their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. TD Cowen restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. The Goldman Sachs Group raised their price target on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Finally, Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $321.39.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $4.09 during trading hours on Friday, hitting $282.81. The company’s stock had a trading volume of 2,322,784 shares, compared to its average volume of 2,769,733. The stock has a market cap of $202.67 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The business has a 50-day simple moving average of $294.20 and a 200-day simple moving average of $285.92.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (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 period last year, the firm earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Co. will post 11.75 EPS for the current year.

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.