Marshall Financial Group LLC Boosts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Marshall Financial Group LLC grew its position in McDonald’s Co. (NYSE:MCD) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,064 shares of the fast-food giant’s stock after purchasing an additional 99 shares during the period. Marshall Financial Group LLC’s holdings in McDonald’s were worth $2,918,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the third quarter valued at about $31,000. Hara Capital LLC bought a new position in McDonald’s during the third quarter valued at about $44,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s during the third quarter worth about $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s in the third quarter worth about $72,000. 70.29% of the stock is owned by institutional investors.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’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 value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MCD shares. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. KeyCorp decreased their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group upped their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Truist Financial dropped their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.78.

McDonald’s Stock Up 0.3 %

Shares of NYSE MCD opened at $285.37 on Friday. The firm has a market capitalization of $204.50 billion, a P/E ratio of 25.05, a P/E/G ratio of 3.66 and a beta of 0.73. The stock’s 50-day simple moving average is $291.07 and its two-hundred day simple moving average is $288.14. McDonald’s Co. has a twelve month low of $243.53 and a twelve 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 earnings per share 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 company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the business earned $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 11.72 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.