Everpar Advisors LLC Takes Position in McDonald’s Co. (NYSE:MCD)

Everpar Advisors LLC purchased a new position in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,158 shares of the fast-food giant’s stock, valued at approximately $936,000.

A number of other large investors also recently bought and sold shares of MCD. Gryphon Financial Partners LLC lifted its holdings in shares of McDonald’s by 99.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock valued at $1,722,000 after purchasing an additional 2,935 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its stake in McDonald’s by 4.4% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,418 shares of the fast-food giant’s stock valued at $420,000 after buying an additional 60 shares during the last quarter. Sawgrass Asset Management LLC boosted its holdings in McDonald’s by 100.5% in the fourth quarter. Sawgrass Asset Management LLC now owns 51,444 shares of the fast-food giant’s stock worth $15,254,000 after acquiring an additional 25,790 shares in the last quarter. Barlow Wealth Partners Inc. purchased a new stake in shares of McDonald’s in the fourth quarter worth $1,412,000. Finally, Patrick M Sweeney & Associates Inc. purchased a new stake in shares of McDonald’s in the fourth quarter worth $959,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MCD shares. Bank of America increased their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Wedbush cut their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. UBS Group dropped their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, BMO Capital Markets dropped their price objective on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $1.04 during trading on Wednesday, hitting $268.54. The company had a trading volume of 3,258,983 shares, compared to its average volume of 3,309,299. The stock has a 50 day simple moving average of $278.43 and a 200 day simple moving average of $282.90. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The firm has a market capitalization of $193.62 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its 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). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the prior year, the business posted $2.63 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts predict that McDonald’s Co. will post 12.18 EPS for the current year.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the 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 sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company 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.