Solidarity Wealth LLC Boosts Stock Position in McDonald’s Co. (NYSE:MCD)

Solidarity Wealth LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCDFree Report) by 1.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 36,581 shares of the fast-food giant’s stock after acquiring an additional 383 shares during the quarter. McDonald’s comprises 2.8% of Solidarity Wealth LLC’s portfolio, making the stock its 11th biggest holding. Solidarity Wealth LLC’s holdings in McDonald’s were worth $10,604,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $31,000. Hara Capital LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s in the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MCD shares. Wedbush reiterated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Evercore ISI lifted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group lifted their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Morgan Stanley lifted their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and boosted their target price for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

View Our Latest Stock Report on MCD

McDonald’s Trading Up 0.4 %

Shares of NYSE MCD opened at $280.90 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a fifty day simple moving average of $292.54 and a 200-day simple moving average of $287.50. The stock has a market capitalization of $201.30 billion, a PE ratio of 24.66, a PEG ratio of 3.65 and a beta of 0.73.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 EPS. On average, equities analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current year.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock valued at $2,829,428 in the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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