Johnson & White Wealth Management LLC bought a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,292 shares of the fast-food giant's stock, valued at approximately $670,000.
Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in McDonald's during the third quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald's during the 3rd quarter valued at about $31,000. Hara Capital LLC acquired a new position in McDonald's during the third quarter worth about $44,000. Peterson Financial Group Inc. purchased a new stake in shares of McDonald's in the third quarter valued at about $58,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of McDonald's in the third quarter valued at approximately $72,000. 70.29% of the stock is owned by institutional investors and hedge funds.
McDonald's Trading Down 0.8 %
McDonald's stock traded down $2.23 during mid-day trading on Tuesday, reaching $281.40. The company's stock had a trading volume of 2,237,851 shares, compared to its average volume of 2,989,852. The firm has a market cap of $201.66 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 3.95 and a beta of 0.73. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The business has a 50 day moving average price of $293.75 and a 200-day moving average price of $286.65.
McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.18 by $0.05. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts expect that McDonald's Co. will post 11.75 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have weighed in on MCD shares. TD Cowen reissued a "hold" rating and set a $300.00 price target on shares of McDonald's in a research report on Tuesday, October 29th. Argus upgraded shares of McDonald's from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Robert W. Baird lowered shares of McDonald's from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Morgan Stanley lifted their target price on shares of McDonald's from $296.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Finally, Truist Financial lowered their price objective on McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $321.39.
Check Out Our Latest Stock Analysis on McDonald's
Insider Buying and Selling
In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the transaction, the insider now owns 10,385 shares of the company's stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company's stock, 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. In the last 90 days, insiders have sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company's stock.
McDonald's Profile
(
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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