Arthur M. Cohen & Associates LLC Acquires 275 Shares of McDonald’s Co. (NYSE:MCD)

Arthur M. Cohen & Associates LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,320 shares of the fast-food giant’s stock after purchasing an additional 275 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in McDonald’s were worth $2,122,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MCD. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s in the 3rd quarter worth $31,000. Hara Capital LLC purchased a new stake in McDonald’s in the 3rd quarter worth $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s in the third quarter valued at about $58,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of McDonald’s during the third quarter worth about $72,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $280.90 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a 50-day moving average price of $292.90 and a 200 day moving average price of $286.75. The company has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm 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 company’s 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 EPS. On average, analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp increased their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Morgan Stanley boosted their price target on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets raised their price objective on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their price target on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by corporate 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.