MinichMacGregor Wealth Management LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

MinichMacGregor Wealth Management LLC purchased a new stake in McDonald’s Co. (NYSE:MCDFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,189 shares of the fast-food giant’s stock, valued at approximately $649,000.

Several other large investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in McDonald’s by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $192,165,000. Barclays PLC grew its holdings in McDonald’s by 16.7% in the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock worth $789,762,000 after purchasing an additional 429,000 shares during the last quarter. Winslow Capital Management LLC increased its position in shares of McDonald’s by 39.6% during the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after purchasing an additional 370,699 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of McDonald’s by 147.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 527,180 shares of the fast-food giant’s stock valued at $138,880,000 after purchasing an additional 314,510 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders sold 2,997 shares of company stock valued at $836,300 over the last quarter. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Performance

McDonald’s stock traded down $0.66 during trading on Tuesday, reaching $270.66. The company had a trading volume of 2,899,050 shares, compared to its average volume of 3,328,047. The firm’s 50-day simple moving average is $276.71 and its 200 day simple moving average is $283.30. The firm has a market capitalization of $195.06 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.06 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.63 EPS. Analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current year.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Barclays reduced their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Guggenheim lowered their target price on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Truist Financial dropped their target price on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Finally, Stephens reissued an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a research report on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $317.74.

View Our Latest Stock Report on McDonald’s

McDonald’s Profile

(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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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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