Donor Advised Charitable Giving Inc. bought a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,025 shares of the fast-food giant's stock, valued at approximately $1,457,000. McDonald's makes up approximately 0.0% of Donor Advised Charitable Giving Inc.'s portfolio, making the stock its 17th biggest holding.
A number of other institutional investors also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC acquired a new position in McDonald's in the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald's in the 3rd quarter valued at $31,000. Hara Capital LLC purchased a new position in shares of McDonald's in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. acquired a new stake in McDonald's during the 3rd quarter worth $58,000. Finally, FSA Wealth Management LLC purchased a new stake in McDonald's in the third quarter valued at $72,000. Hedge funds and other institutional investors own 70.29% of the company's stock.
Insider Activity at McDonald's
In other McDonald's news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company's stock, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock valued at $2,829,428 over the last quarter. Insiders own 0.23% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on MCD. UBS Group lifted their target price on McDonald's from $305.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Truist Financial reduced their price objective on McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Barclays raised 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. KeyCorp upped their price target on shares of McDonald's from $305.00 to $330.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Finally, The Goldman Sachs Group raised their price objective on shares of McDonald's from $284.00 to $325.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 24th. Ten investment 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, McDonald's presently has an average rating of "Moderate Buy" and a consensus price target of $321.39.
Check Out Our Latest Stock Analysis on McDonald's
McDonald's Price Performance
MCD traded up $1.16 during midday trading on Monday, reaching $280.90. 3,304,829 shares of the company's stock were exchanged, compared to its average volume of 2,456,984. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The stock has a market capitalization of $201.30 billion, a PE ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. The business's 50-day moving average price is $292.54 and its 200 day moving average price is $287.50.
McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 EPS. As a group, analysts expect that McDonald's Co. will post 11.73 EPS for the current fiscal year.
McDonald's Company Profile
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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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