Liberty One Investment Management LLC Purchases 973 Shares of McDonald's Co. (NYSE:MCD)

Liberty One Investment Management LLC lifted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,315 shares of the fast-food giant's stock after buying an additional 973 shares during the period. McDonald's makes up 3.3% of Liberty One Investment Management LLC's holdings, making the stock its 6th biggest position. Liberty One Investment Management LLC's holdings in McDonald's were worth $30,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of McDonald's by 1.9% in the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant's stock valued at $12,281,000 after purchasing an additional 915 shares during the period. Brighton Jones LLC boosted its holdings in McDonald's by 8.4% in the 2nd quarter. Brighton Jones LLC now owns 8,291 shares of the fast-food giant's stock valued at $2,113,000 after purchasing an additional 646 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of McDonald's by 5.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 684,471 shares of the fast-food giant's stock valued at $174,431,000 after buying an additional 34,053 shares during the period. Boston Research & Management Inc. increased its holdings in shares of McDonald's by 2.4% during the 2nd quarter. Boston Research & Management Inc. now owns 24,939 shares of the fast-food giant's stock worth $6,355,000 after buying an additional 592 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of McDonald's by 10.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 195,638 shares of the fast-food giant's stock valued at $49,856,000 after buying an additional 17,995 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald's news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 9,675 shares of the company's stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company's stock, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by insiders.

McDonald's Price Performance

Shares of NYSE MCD traded up $1.16 during midday trading 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 firm's fifty day simple moving average is $292.54 and its 200-day simple moving average is $287.24. The company has a market cap of $201.30 billion, a PE ratio of 24.66, a P/E/G ratio of 3.67 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.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data 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. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to analysts' expectations of $6.82 billion. During the same quarter last year, the company earned $3.19 earnings per share. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts anticipate that McDonald's Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MCD shares. Baird R W lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Robert W. Baird cut McDonald's from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Bank of America boosted their price objective on shares of 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 shares of McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on shares of McDonald's from $296.00 to $340.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $321.39.

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.