Saxon Interests Inc. Raises Holdings in McDonald’s Co. (NYSE:MCD)

Saxon Interests Inc. lifted its holdings in McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,326 shares of the fast-food giant’s stock after buying an additional 62 shares during the quarter. Saxon Interests Inc.’s holdings in McDonald’s were worth $964,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Barclays raised their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Bank of America lifted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the transaction, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’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 value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,704 shares of company stock valued at $2,829,428. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 1.2 %

NYSE MCD opened at $283.11 on Friday. The company has a 50-day moving average price of $293.20 and a two-hundred day moving average price of $286.80. The stock has a market cap of $202.88 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $3.19 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal 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.