Howe & Rusling Inc. Purchases 3,688 Shares of McDonald’s Corporation $MCD

Howe & Rusling Inc. lifted its holdings in McDonald’s Corporation (NYSE:MCDFree Report) by 9.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,436 shares of the fast-food giant’s stock after purchasing an additional 3,688 shares during the quarter. Howe & Rusling Inc.’s holdings in McDonald’s were worth $12,592,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. WD Rutherford LLC raised its holdings in shares of McDonald’s by 1.0% during the third quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock worth $991,000 after purchasing an additional 33 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its stake in McDonald’s by 1.4% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock worth $736,000 after buying an additional 34 shares in the last quarter. Symmetry Partners LLC grew its holdings in shares of McDonald’s by 2.0% during the third quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock worth $538,000 after buying an additional 34 shares in the last quarter. Jackson Hole Capital Partners LLC boosted its holdings in shares of McDonald’s by 0.3% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock worth $3,352,000 after purchasing an additional 34 shares during the last quarter. Finally, NorthStar Asset Management LLC NJ raised its holdings in shares of McDonald’s by 3.6% during the 2nd quarter. NorthStar Asset Management LLC NJ now owns 1,003 shares of the fast-food giant’s stock worth $293,000 after acquiring an additional 35 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

More McDonald’s News

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

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Sanford C. Bernstein reissued an “overweight” rating and set a $372.00 target price on shares of McDonald’s in a research note on Wednesday, January 7th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Morgan Stanley set a $335.00 target price on McDonald’s in a research report on Friday, October 17th. Royal Bank Of Canada started coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday, January 28th. Fifteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $331.37.

View Our Latest Report on MCD

McDonald’s Stock Up 1.2%

McDonald’s stock opened at $323.28 on Thursday. McDonald’s Corporation has a 52 week low of $283.47 and a 52 week high of $326.95. The firm has a market capitalization of $230.22 billion, a PE ratio of 27.58, a P/E/G ratio of 3.23 and a beta of 0.52. The firm’s 50-day simple moving average is $310.43 and its 200 day simple moving average is $306.92.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. McDonald’s’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other McDonald’s news, EVP Manuel Jm Steijaert sold 6,567 shares of McDonald’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $305.50, for a total value of $2,006,218.50. Following the transaction, the executive vice president owned 4,606 shares in the company, valued at $1,407,133. This trade represents a 58.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the sale, the insider owned 6,088 shares of the company’s stock, valued at $1,861,832.16. This represents a 34.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 32,008 shares of company stock valued at $9,895,452. Insiders own 0.25% of the company’s stock.

McDonald’s Profile

(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.

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

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