McDonald’s Co. (NYSE:MCD) Shares Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,742 shares of the fast-food giant’s stock after purchasing an additional 587 shares during the quarter. Stonegate Investment Group LLC’s holdings in McDonald’s were worth $11,231,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. increased its stake in McDonald’s by 2.4% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock worth $433,000 after acquiring an additional 33 shares during the last quarter. Riversedge Advisors LLC grew its holdings in shares of McDonald’s by 2.0% during the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock worth $513,000 after purchasing an additional 33 shares during the period. Proquility Private Wealth Partners LLC increased its position in McDonald’s by 1.0% during the 3rd quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock worth $1,057,000 after purchasing an additional 35 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in McDonald’s by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after buying an additional 35 shares during the period. Finally, GDS Wealth Management grew its stake in McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after buying an additional 35 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. Morgan Stanley reduced their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Truist Financial cut their price objective on shares of 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 reiterated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Barclays lifted their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

McDonald’s Stock Performance

Shares of MCD opened at $293.16 on Tuesday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market capitalization of $210.08 billion, a PE ratio of 25.74, a PEG ratio of 3.66 and a beta of 0.73. The company’s 50 day moving average price is $291.07 and its 200 day moving average price is $288.70.

McDonald’s (NYSE:MCD) last issued its 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. 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 period in the prior year, the firm posted $3.19 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,905 shares of company stock valued at $2,592,327. Insiders own 0.23% of the company’s stock.

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.