Foundations Investment Advisors LLC Has $3.59 Million Holdings in McDonald’s Co. (NYSE:MCD)

Foundations Investment Advisors LLC lifted its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,051 shares of the fast-food giant’s stock after purchasing an additional 527 shares during the quarter. Foundations Investment Advisors LLC’s holdings in McDonald’s were worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Roffman Miller Associates Inc. PA boosted its stake in McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after buying an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC boosted its stake in McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC boosted its stake in McDonald’s by 0.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after buying an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after buying an additional 301 shares in the last quarter. Finally, Mengis Capital Management Inc. boosted its stake in McDonald’s by 7.9% in the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after buying an additional 331 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,997 shares of company stock valued at $836,300. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.2 %

NYSE MCD traded up $3.31 during trading on Wednesday, reaching $273.97. 2,982,472 shares of the stock traded hands, compared to its average volume of 3,325,726. The stock’s 50-day moving average price is $276.28 and its 200 day moving average price is $283.40. The firm has a market cap of $197.44 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. McDonald’s’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $2.63 EPS. Analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. Royal Bank of Canada decreased their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. TD Cowen reissued a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Tuesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

Get Our Latest Stock Report on McDonald’s

McDonald’s Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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