Envestnet Portfolio Solutions Inc. Purchases 3,319 Shares of McDonald’s Corporation $MCD

Envestnet Portfolio Solutions Inc. grew its position in McDonald’s Corporation (NYSE:MCDFree Report) by 20.2% during the fourth quarter, HoldingsChannel reports. The firm owned 19,766 shares of the fast-food giant’s stock after buying an additional 3,319 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in McDonald’s were worth $6,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MCD. Your Advocates Ltd. LLP acquired a new position in shares of McDonald’s during the 4th quarter worth about $27,000. Park Place Capital Corp lifted its position in shares of McDonald’s by 95.7% during the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after purchasing an additional 45 shares during the last quarter. DecisionPoint Financial LLC lifted its position in shares of McDonald’s by 1,616.7% during the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after purchasing an additional 97 shares during the last quarter. Entrust Financial LLC acquired a new position in shares of McDonald’s during the 4th quarter worth about $31,000. Finally, Painted Porch Advisors LLC lifted its position in shares of McDonald’s by 735.7% during the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.1%

NYSE MCD opened at $280.39 on Thursday. The stock has a market cap of $199.22 billion, a P/E ratio of 23.12, a PEG ratio of 2.79 and a beta of 0.43. The company’s 50-day simple moving average is $301.43 and its 200 day simple moving average is $309.54. McDonald’s Corporation has a twelve month low of $271.98 and a twelve month high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.67 earnings per share. Research analysts anticipate that McDonald’s Corporation will post 12.94 earnings per share for the current year.

McDonald’s News Roundup

Here are the key news stories impacting McDonald’s this week:

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 333 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $302.72, for a total value of $100,805.76. Following the sale, the insider owned 8,067 shares of the company’s stock, valued at $2,442,042.24. The trade was a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 6,201 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total value of $2,066,731.29. Following the transaction, the executive vice president owned 2,291 shares of the company’s stock, valued at $763,567.39. This represents a 73.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 12,119 shares of company stock worth $3,945,973. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. BTIG Research reissued a “buy” rating and issued a $370.00 price target on shares of McDonald’s in a report on Thursday, May 7th. Rothschild & Co Redburn raised shares of McDonald’s from a “sell” rating to a “neutral” rating and increased their price target for the company from $260.00 to $306.00 in a report on Thursday, April 23rd. UBS Group increased their price target on shares of McDonald’s from $350.00 to $365.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Evercore set a $350.00 price target on shares of McDonald’s in a report on Friday, May 8th. Finally, Weiss Ratings lowered McDonald’s from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $334.45.

Read Our Latest Report on McDonald’s

About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCDFree Report).

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

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