8,638 Shares in McDonald's Co. (NYSE:MCD) Acquired by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. bought a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,638 shares of the fast-food giant's stock, valued at approximately $2,504,000.

A number of other institutional investors have also made changes to their positions in MCD. Geode Capital Management LLC lifted its position in shares of McDonald's by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant's stock worth $4,833,510,000 after purchasing an additional 220,365 shares in the last quarter. Wellington Management Group LLP boosted its holdings in McDonald's by 0.9% in the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant's stock valued at $4,592,892,000 after acquiring an additional 128,800 shares during the last quarter. Legal & General Group Plc raised its holdings in McDonald's by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant's stock worth $1,567,030,000 after purchasing an additional 188,888 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of McDonald's by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock worth $1,694,403,000 after buying an additional 49,106 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of McDonald's by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant's stock worth $1,216,677,000 after buying an additional 354,196 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald's Price Performance

McDonald's stock traded up $1.16 during trading hours on Friday, hitting $280.90. The company had a trading volume of 3,304,829 shares, compared to its average volume of 2,456,984. The firm has a 50-day moving average of $292.54 and a 200 day moving average of $286.97. The firm has a market cap of $201.30 billion, a PE ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. McDonald's Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 earnings per share. As a group, research analysts expect that McDonald's Co. will post 11.73 earnings per share for the current year.

Insider Transactions at McDonald's

In other McDonald's 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 owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald's 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 completion of the sale, the executive vice president now owns 9,675 shares of the company's stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MCD has been the subject of a number of analyst reports. Baird R W lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Argus upgraded McDonald's from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Truist Financial reduced their target price on McDonald's from $350.00 to $342.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Barclays increased their price target on shares of McDonald's from $300.00 to $325.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Finally, TD Cowen restated a "hold" rating and set a $300.00 price objective on shares of McDonald's in a report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $321.39.

McDonald's Company Profile

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.