Cadinha & Co. LLC Has $26.18 Million Holdings in McDonald's Co. (NYSE:MCD)

Cadinha & Co. LLC boosted its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 75.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,297 shares of the fast-food giant's stock after purchasing an additional 38,805 shares during the period. McDonald's makes up approximately 4.3% of Cadinha & Co. LLC's holdings, making the stock its 8th biggest position. Cadinha & Co. LLC's holdings in McDonald's were worth $26,176,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new position in shares of McDonald's in the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald's in the 3rd quarter worth approximately $31,000. Hara Capital LLC purchased a new position in McDonald's during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. acquired a new stake in McDonald's during the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of McDonald's in the third quarter valued at $72,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business'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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock valued at $2,829,428 in the last ninety days. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MCD shares. Bank of America lifted their price target on McDonald's from $321.00 to $324.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Truist Financial lowered their target price on McDonald's from $350.00 to $342.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on shares of McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Guggenheim downgraded shares of McDonald's from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, TD Cowen reiterated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research report on Tuesday, October 29th. 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, McDonald's has a consensus rating of "Moderate Buy" and an average price target of $321.39.

McDonald's Price Performance

Shares of NYSE MCD traded up $1.16 during trading hours on Friday, hitting $280.90. 3,304,829 shares of the company's stock were exchanged, compared to its average volume of 2,456,984. The company's 50-day moving average price is $292.54 and its 200-day moving average price is $287.24. 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 price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald's's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 earnings per share. On average, research analysts expect that McDonald's Co. will post 11.73 earnings per share for the current year.

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.