Envestnet Portfolio Solutions Inc. Purchases 2,350 Shares of McDonald’s Co. (NYSE:MCD)

Envestnet Portfolio Solutions Inc. lifted its position in McDonald’s Co. (NYSE:MCD) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,545 shares of the fast-food giant’s stock after acquiring an additional 2,350 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in McDonald’s were worth $7,574,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Roffman Miller Associates Inc. PA raised its holdings in shares of McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after purchasing an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC raised its holdings in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in shares of McDonald’s by 0.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after purchasing an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares in the last quarter. Finally, Mengis Capital Management Inc. raised its holdings in shares of McDonald’s by 7.9% in the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 1.3 %

MCD stock traded down $3.45 during mid-day trading on Monday, hitting $271.55. 2,772,204 shares of the company were exchanged, compared to its average volume of 3,317,520. The firm has a market capitalization of $195.70 billion, a P/E ratio of 23.08, a PEG ratio of 3.06 and a beta of 0.71. The business has a fifty day simple moving average of $277.11 and a 200-day simple moving average of $283.19. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $2.63 EPS. Research analysts predict that McDonald’s Co. will post 12.18 EPS for the current year.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MCD shares. Bank of America lifted their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Robert W. Baird cut their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. UBS Group dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Citigroup dropped their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $317.74.

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.