Lantz Financial LLC Acquires 152 Shares of McDonald’s Co. (NYSE:MCD)

Lantz Financial LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,574 shares of the fast-food giant’s stock after acquiring an additional 152 shares during the quarter. Lantz Financial LLC’s holdings in McDonald’s were worth $1,616,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Evercore ISI raised their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. BMO Capital Markets upped their target price on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, UBS Group increased their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $320.78.

Insider Transactions at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % 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 90 days. 0.23% of the stock is owned by insiders.

McDonald’s Trading Up 0.3 %

MCD opened at $285.37 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a 50-day moving average price of $291.07 and a two-hundred day moving average price of $288.14. The stock has a market capitalization of $204.50 billion, a PE ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that McDonald’s Co. will post 11.72 EPS 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.