Thurston Springer Miller Herd & Titak Inc. Acquires 4,061 Shares of McDonald's Co. (NYSE:MCD)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 45.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,899 shares of the fast-food giant's stock after acquiring an additional 4,061 shares during the period. McDonald's comprises approximately 0.8% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 19th largest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in McDonald's were worth $3,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Park Avenue Securities LLC lifted its holdings in McDonald's by 5.3% during the fourth quarter. Park Avenue Securities LLC now owns 20,732 shares of the fast-food giant's stock valued at $6,010,000 after purchasing an additional 1,045 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in shares of McDonald's by 21.8% during the 4th quarter. Kathmere Capital Management LLC now owns 1,005 shares of the fast-food giant's stock valued at $291,000 after buying an additional 180 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of McDonald's by 12.0% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 23,769 shares of the fast-food giant's stock valued at $6,890,000 after buying an additional 2,544 shares in the last quarter. CCLA Investment Management boosted its holdings in McDonald's by 5.3% in the 4th quarter. CCLA Investment Management now owns 421,233 shares of the fast-food giant's stock worth $122,111,000 after buying an additional 21,153 shares during the period. Finally, Community Trust & Investment Co. increased its stake in McDonald's by 3.8% in the 4th quarter. Community Trust & Investment Co. now owns 11,672 shares of the fast-food giant's stock worth $3,384,000 after buying an additional 429 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Stock Down 0.8 %

MCD stock opened at $281.40 on Wednesday. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market capitalization of $201.66 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. The firm's fifty day simple moving average is $293.43 and its two-hundred day simple moving average is $286.83.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 EPS. As a group, equities research analysts expect that McDonald's Co. will post 11.75 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MCD shares. Truist Financial dropped 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. UBS Group upped their price target on McDonald's from $305.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Bank of America lifted their price objective on shares of McDonald's from $321.00 to $324.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Citigroup upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and upped their target price for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. Finally, The Goldman Sachs Group raised their target price on shares of McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a research note on Tuesday, September 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $321.39.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business'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 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. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % decrease in their position. 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 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.

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