Mutual Advisors LLC Has $4.78 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Mutual Advisors LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,073 shares of the fast-food giant’s stock after selling 3,012 shares during the quarter. Mutual Advisors LLC’s holdings in McDonald’s were worth $4,776,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kennebec Savings Bank acquired a new position in shares of McDonald’s during the 3rd quarter worth approximately $1,394,000. Charles Schwab Investment Management Inc. grew its position in 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 worth $1,694,403,000 after buying an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after acquiring an additional 2,997 shares during the period. Weiss Asset Management LP acquired a new position in McDonald’s in the 3rd quarter valued at $16,870,000. Finally, PFW Advisors LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at $2,471,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. Evercore ISI boosted their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. KeyCorp upped their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Truist Financial decreased their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, UBS Group lifted their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.22.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’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 sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,605 shares of company stock valued at $2,508,102. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Down 0.5 %

Shares of MCD opened at $281.30 on Thursday. The company has a market capitalization of $201.58 billion, a PE ratio of 24.70, a PEG ratio of 3.68 and a beta of 0.73. The stock’s 50-day moving average price is $291.49 and its two-hundred day moving average price is $287.90. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.19 earnings per share. Equities research analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

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.