Graypoint LLC Has $2.48 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Graypoint LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,562 shares of the fast-food giant’s stock after acquiring an additional 212 shares during the period. Graypoint LLC’s holdings in McDonald’s were worth $2,482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. American Century Companies Inc. lifted its position in 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 purchasing an additional 915 shares during the period. Main Street Financial Solutions LLC lifted its holdings in shares of McDonald’s by 4.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,824 shares of the fast-food giant’s stock valued at $1,484,000 after acquiring an additional 231 shares during the period. Morningstar Investment Management LLC lifted its holdings in shares of McDonald’s by 4.2% during the second quarter. Morningstar Investment Management LLC now owns 6,342 shares of the fast-food giant’s stock valued at $1,616,000 after acquiring an additional 253 shares during the period. Meeder Advisory Services Inc. lifted its holdings in shares of McDonald’s by 24.2% during the second quarter. Meeder Advisory Services Inc. now owns 16,339 shares of the fast-food giant’s stock valued at $4,164,000 after acquiring an additional 3,180 shares during the period. Finally, TradeLink Capital LLC bought a new position in shares of McDonald’s during the second quarter valued at $408,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,050 shares of company stock worth $3,556,688. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays lifted their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Evercore ISI lifted their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Morgan Stanley lifted their price target on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $311.00 to $334.00 in a report on Friday. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Price Performance

NYSE:MCD opened at $282.22 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market capitalization 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. The business’s 50-day simple moving average is $293.94 and its 200-day simple moving average is $286.07.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 EPS. On average, research analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current 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.