Abel Hall LLC Has $364,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Abel Hall LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,255 shares of the fast-food giant’s stock after acquiring an additional 67 shares during the quarter. Abel Hall LLC’s holdings in McDonald’s were worth $364,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s during the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC bought a new position in McDonald’s in the 3rd quarter valued at approximately $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Down 0.3 %

Shares of MCD stock opened at $290.41 on Thursday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a 50 day moving average of $291.12 and a 200-day moving average of $289.23. The company has a market cap of $208.11 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its 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 business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the company posted $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current year.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the 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 completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,905 shares of company stock worth $2,592,327 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MCD shares. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. BMO Capital Markets upped their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. KeyCorp lowered their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $320.87.

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.