Foundations Investment Advisors LLC Acquires 237 Shares of McDonald’s Co. (NYSE:MCD)

Foundations Investment Advisors LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,014 shares of the fast-food giant’s stock after buying an additional 237 shares during the period. Foundations Investment Advisors LLC’s holdings in McDonald’s were worth $9,281,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of McDonald’s by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after buying an additional 220,365 shares during the period. Wellington Management Group LLP increased its stake in shares of McDonald’s by 0.9% during the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after buying an additional 128,800 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after buying an additional 49,106 shares during the period. Janus Henderson Group PLC increased its stake in shares of McDonald’s by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after buying an additional 19,867 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after buying an additional 2,311,721 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Price Performance

NYSE:MCD opened at $286.67 on Monday. The firm has a market capitalization of $205.43 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The business has a 50 day simple moving average of $291.07 and a 200-day simple moving average of $288.70.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.19 earnings per share. As a group, analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America boosted their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial dropped their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Loop Capital restated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley reduced their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $320.78.

Insiders Place Their Bets

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was 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 $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock worth $2,592,327 in the last ninety days. 0.23% of the stock is owned by company 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.