Mitchell Mcleod Pugh & Williams Inc. Buys 51 Shares of McDonald’s Co. (NYSE:MCD)

Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,678 shares of the fast-food giant’s stock after purchasing an additional 51 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in McDonald’s were worth $1,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter worth approximately $44,000. Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the third quarter worth $58,000. Finally, FSA Wealth Management LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Truist Financial dropped their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, TD Cowen reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $321.39.

McDonald’s Price Performance

McDonald’s stock opened at $280.90 on Monday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company’s 50-day moving average is $292.54 and its 200 day moving average is $287.24. The firm has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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 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 the consensus estimate of $6.82 billion. During the same period in the prior year, the business posted $3.19 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were 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 approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the insider now directly owns 10,385 shares in the company, 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 sold a total of 9,704 shares of company stock valued at $2,829,428 in the last three months. Company 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.