By otakuyassine3@gmail.com 
Firethorn Wealth Partners LLC lifted its stake in McDonald’s Co. (NYSE:MCD – Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 875 shares of the fast-food giant’s stock after purchasing an additional 38 shares during the period. Firethorn Wealth Partners LLC’s holdings in McDonald’s were worth $254,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in MCD. Fred Alger Management LLC grew its holdings in McDonald’s by 5.9% during the 2nd quarter. Fred Alger Management LLC now owns 17,555 shares of the fast-food giant’s stock worth $4,474,000 after acquiring an additional 985 shares in the last quarter. MBB Public Markets I LLC grew its holdings in McDonald’s by 2,268.8% during the 2nd quarter. MBB Public Markets I LLC now owns 51,284 shares of the fast-food giant’s stock worth $13,069,000 after acquiring an additional 49,119 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in McDonald’s by 12.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 886,343 shares of the fast-food giant’s stock worth $225,876,000 after acquiring an additional 96,450 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in McDonald’s during the 2nd quarter worth about $10,448,000. Finally, Legal & General Group Plc grew its holdings in McDonald’s by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock worth $1,567,030,000 after acquiring an additional 188,888 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.
McDonald’s Price Performance
MCD opened at $285.37 on Friday. The stock has a market cap of $204.50 billion, a P/E ratio of 25.05, a P/E/G ratio of 3.66 and a beta of 0.73. The firm has a fifty day moving average price of $291.21 and a 200 day moving average price of $287.88. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.
McDonald’s (NYSE:MCD – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.19 EPS. Equities analysts expect that McDonald’s Co. will post 11.72 EPS for the current year.
Insider Buying and Selling
In other news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
MCD has been the topic of several recent research reports. TD Cowen reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Bank of America raised their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Truist Financial lowered their price target 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. KeyCorp lowered their price target on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.
Check Out Our Latest Analysis on MCD
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.
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