Lineweaver Wealth Advisors LLC Takes $499,000 Position in Mcdonald’s Corp (NYSE:MCD)

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Lineweaver Wealth Advisors LLC bought a new stake in Mcdonald’s Corp (NYSE:MCD) during the 4th quarter, HoldingsChannel reports. The fund bought 2,525 shares of the fast-food giant’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EP Wealth Advisors LLC increased its stake in Mcdonald’s by 10.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 8,500 shares of the fast-food giant’s stock worth $1,825,000 after buying an additional 801 shares during the period. Ropes Wealth Advisors LLC grew its holdings in Mcdonald’s by 9.9% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 24,962 shares of the fast-food giant’s stock worth $5,360,000 after acquiring an additional 2,247 shares in the last quarter. Stillwater Investment Management LLC grew its holdings in Mcdonald’s by 0.6% during the 4th quarter. Stillwater Investment Management LLC now owns 18,280 shares of the fast-food giant’s stock worth $3,612,000 after acquiring an additional 114 shares in the last quarter. Atalanta Sosnoff Capital LLC grew its holdings in Mcdonald’s by 40.4% during the 3rd quarter. Atalanta Sosnoff Capital LLC now owns 233,145 shares of the fast-food giant’s stock worth $50,058,000 after acquiring an additional 67,094 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC grew its holdings in Mcdonald’s by 35.8% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 6,050 shares of the fast-food giant’s stock worth $1,299,000 after acquiring an additional 1,595 shares in the last quarter. 67.23% of the stock is currently owned by institutional investors and hedge funds.

In other Mcdonald’s news, Director John J. Mulligan purchased 1,300 shares of Mcdonald’s stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of $193.46 per share, with a total value of $251,498.00. Following the transaction, the director now owns 2,900 shares of the company’s stock, valued at approximately $561,034. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski purchased 2,580 shares of Mcdonald’s stock in a transaction on Wednesday, November 6th. The shares were acquired at an average cost of $193.81 per share, with a total value of $500,029.80. Following the completion of the transaction, the chief executive officer now directly owns 2,580 shares in the company, valued at approximately $500,029.80. The disclosure for this purchase can be found here. Insiders purchased a total of 7,380 shares of company stock valued at $1,430,223 over the last ninety days. 0.25% of the stock is currently owned by insiders.

Shares of Mcdonald’s stock traded up $0.95 during midday trading on Thursday, hitting $210.73. The company had a trading volume of 1,690,146 shares, compared to its average volume of 3,011,683. The stock has a market cap of $156.13 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.90 and a beta of 0.45. The company has a fifty day simple moving average of $198.57 and a 200 day simple moving average of $206.35. Mcdonald’s Corp has a 12-month low of $173.41 and a 12-month high of $221.93.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.10). The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.10 earnings per share. As a group, sell-side analysts anticipate that Mcdonald’s Corp will post 7.84 earnings per share for the current fiscal year.

MCD has been the topic of several recent research reports. SunTrust Banks dropped their target price on shares of Mcdonald’s from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank initiated coverage on shares of Mcdonald’s in a report on Tuesday, November 26th. They set a “hold” rating and a $193.00 target price on the stock. Piper Jaffray Companies cut shares of Mcdonald’s from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $224.00 to $195.00 in a report on Monday, November 4th. ValuEngine cut shares of Mcdonald’s from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $220.00 target price on shares of Mcdonald’s in a report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $223.54.

Mcdonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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