McDonald’s Co. (NYSE:MCD) Stake Lifted by Austin Private Wealth LLC

Austin Private Wealth LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,571 shares of the fast-food giant’s stock after buying an additional 244 shares during the quarter. Austin Private Wealth LLC’s holdings in McDonald’s were worth $745,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC bought a new position in McDonald’s during the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC bought a new position in McDonald’s during the 3rd quarter worth $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s in the third quarter worth $58,000. Finally, FSA Wealth Management LLC bought a new position in shares of McDonald’s in the third quarter worth $72,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 0.5 %

NYSE:MCD opened at $288.83 on Friday. The firm has a market capitalization of $206.98 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business’s fifty day moving average price is $291.15 and its 200 day moving average price is $289.25.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating 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 firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 11.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MCD. Bank of America increased their price target on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley decreased their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Truist Financial decreased their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock valued at $2,150,857 in the last three months. Insiders own 0.23% of the company’s stock.

About McDonald’s

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.