Praetorian Wealth Management Inc. Takes $285,000 Position in McDonald’s Co. (NYSE:MCD)

Praetorian Wealth Management Inc. acquired a new position in McDonald’s Co. (NYSE:MCD – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 984 shares of the fast-food giant’s stock, valued at approximately $285,000.

Other hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s in the 3rd quarter worth approximately $31,000. Hara Capital LLC purchased a new position in McDonald’s in the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. purchased a new position in McDonald’s in the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s in the 3rd quarter worth approximately $72,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Down 1.4 %

MCD stock traded down $4.09 during mid-day trading on Friday, hitting $282.81. The company had a trading volume of 2,322,784 shares, compared to its average volume of 2,769,733. The company has a market capitalization of $202.67 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a 50-day moving average price of $294.20 and a 200 day moving average price of $285.92.

McDonald’s (NYSE:MCD – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.19 EPS. As a group, analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the 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 transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,050 shares of company stock worth $3,556,688 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MCD. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. TD Cowen reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. KeyCorp lifted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Barclays lifted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, UBS Group lifted their target price 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 research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $321.39.

Read Our Latest Stock Analysis on McDonald’s

About McDonald’s

(Free Report)

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.

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