Marshall Financial Group LLC Buys 99 Shares of McDonald’s Co. (NYSE:MCD)

Marshall Financial Group LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 10,064 shares of the fast-food giant’s stock after acquiring an additional 99 shares during the quarter. Marshall Financial Group LLC’s holdings in McDonald’s were worth $2,918,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the third quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s during the 3rd quarter worth $58,000. Finally, FSA Wealth Management LLC acquired a new stake in McDonald’s in the third quarter valued at about $72,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.3 %

Shares of MCD opened at $285.37 on Friday. The firm’s fifty day simple moving average is $291.07 and its two-hundred day simple moving average is $288.14. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market capitalization of $204.50 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

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 company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the company earned $3.19 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts predict that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Truist Financial dropped their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $320.78.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, November 25th. The stock was 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 trade represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is currently owned by company insiders.

McDonald’s 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.