Atwater Malick LLC Has $11.09 Million Stake in McDonald’s Co. (NYSE:MCD)

Atwater Malick LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 38,249 shares of the fast-food giant’s stock after selling 199 shares during the quarter. McDonald’s accounts for about 3.7% of Atwater Malick LLC’s investment portfolio, making the stock its 11th largest holding. Atwater Malick LLC’s holdings in McDonald’s were worth $11,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the third quarter worth about $31,000. Hara Capital LLC acquired a new stake in McDonald’s during the third quarter worth about $44,000. Peterson Financial Group Inc. bought a new position in McDonald’s in the 3rd quarter valued at about $58,000. Finally, FSA Wealth Management LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at approximately $72,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.4 %

NYSE MCD opened at $280.90 on Friday. The firm has a market capitalization of $201.30 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. The business’s 50-day moving average price is $292.90 and its two-hundred day moving average price is $286.75. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last announced its 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. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the business posted $3.19 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $311.00 to $334.00 in a research note on Friday, January 10th. 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 report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, BMO Capital Markets increased their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the transaction, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’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 owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock worth $2,829,428 over the last three months. 0.23% of the stock is owned by company insiders.

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.