RMR Wealth Builders Has $1.63 Million Holdings in McDonald’s Co. (NYSE:MCD)

RMR Wealth Builders lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,611 shares of the fast-food giant’s stock after acquiring an additional 535 shares during the period. RMR Wealth Builders’ holdings in McDonald’s were worth $1,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Essex Savings Bank boosted its stake in McDonald’s by 0.7% in the 4th quarter. Essex Savings Bank now owns 7,330 shares of the fast-food giant’s stock worth $2,125,000 after purchasing an additional 49 shares during the period. Stolper Co lifted its holdings in shares of McDonald’s by 1.1% in the fourth quarter. Stolper Co now owns 6,988 shares of the fast-food giant’s stock valued at $2,026,000 after purchasing an additional 76 shares in the last quarter. ERn Financial LLC boosted its position in shares of McDonald’s by 3.0% during the fourth quarter. ERn Financial LLC now owns 1,624 shares of the fast-food giant’s stock worth $471,000 after buying an additional 48 shares during the period. Websterrogers Financial Advisors LLC bought a new position in shares of McDonald’s during the fourth quarter worth about $326,000. Finally, Roble Belko & Company Inc acquired a new stake in McDonald’s in the 4th quarter valued at approximately $87,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were 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 $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock worth $2,829,428 in the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $282.54 on Thursday. The firm’s 50-day simple moving average is $293.43 and its 200 day simple moving average is $286.83. The firm has a market cap of $202.47 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted 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. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.19 earnings per share. As a group, equities analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MCD. Truist Financial reduced their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. KeyCorp increased their target price 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. BMO Capital Markets lifted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Finally, Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and raised their price objective for the company from $311.00 to $334.00 in a report on Friday, January 10th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $321.39.

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.