Fiduciary Alliance LLC raised its position in McDonald's Co. (NYSE:MCD - Free Report) by 72.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,549 shares of the fast-food giant's stock after purchasing an additional 3,171 shares during the period. Fiduciary Alliance LLC's holdings in McDonald's were worth $2,188,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new stake in shares of McDonald's during the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald's in the third quarter valued at about $31,000. Hara Capital LLC purchased a new position in shares of McDonald's during the third quarter valued at about $44,000. Peterson Financial Group Inc. bought a new stake in McDonald's during the third quarter worth about $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald's in the 3rd quarter worth about $72,000. 70.29% of the stock is owned by institutional investors.
In other news, insider Joseph M. Erlinger sold 1,099 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares of the company's stock, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares of the company's stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock worth $2,829,428 in the last ninety days. Insiders own 0.23% of the company's stock.
Several research firms have recently commented on MCD. Morgan Stanley upped 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. Truist Financial reduced their price target on shares of McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Barclays boosted their price objective on McDonald's from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. KeyCorp boosted their price objective on McDonald's from $305.00 to $330.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Finally, Wedbush reaffirmed an "outperform" rating and set a $295.00 price objective on shares of McDonald's in a report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, McDonald's currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.39.
Check Out Our Latest Research Report on MCD
Shares of NYSE MCD traded up $0.57 during midday trading on Monday, reaching $282.88. 387,818 shares of the stock were exchanged, compared to its average volume of 2,647,001. The business has a 50-day simple moving average of $293.94 and a two-hundred day simple moving average of $286.47. The company has a market capitalization of $202.72 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $317.90.
McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $6.87 billion for the quarter, compared to analysts' expectations 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 previous year, the firm posted $3.19 EPS. Equities research analysts expect that McDonald's Co. will post 11.75 earnings per share for the current fiscal year.
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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