Modus Advisors LLC Increases Holdings in McDonald’s Co. (NYSE:MCD)

Modus Advisors LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,396 shares of the fast-food giant’s stock after purchasing an additional 36 shares during the quarter. Modus Advisors LLC’s holdings in McDonald’s were worth $2,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s during the third quarter valued at $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s in the 3rd quarter worth $72,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.5 %

MCD stock traded down $1.39 during mid-day trading on Friday, reaching $291.12. The company’s stock had a trading volume of 358,907 shares, compared to its average volume of 1,670,026. The stock has a market cap of $208.62 billion, a PE ratio of 25.56, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company’s 50 day moving average is $294.75 and its two-hundred day moving average is $284.60.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results 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. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company posted $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Insider Activity at McDonald’s

In other McDonald’s news, 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 transaction, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at approximately $900,550. This represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,551 shares of company stock worth $3,120,554 over the last 90 days. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. Citigroup upped their price objective on McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group lifted their price objective on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Wells Fargo & Company increased their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Twelve research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $320.65.

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.