Stablepoint Partners LLC Buys 101 Shares of McDonald’s Co. (NYSE:MCD)

Stablepoint Partners LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,450 shares of the fast-food giant’s stock after acquiring an additional 101 shares during the quarter. McDonald’s makes up about 1.1% of Stablepoint Partners LLC’s portfolio, making the stock its 20th largest position. Stablepoint Partners LLC’s holdings in McDonald’s were worth $6,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Beaird Harris Wealth Management LLC increased its position in shares of McDonald’s by 9.8% during the second quarter. Beaird Harris Wealth Management LLC now owns 626 shares of the fast-food giant’s stock worth $159,000 after acquiring an additional 56 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in shares of McDonald’s by 85.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 90,831 shares of the fast-food giant’s stock worth $23,147,000 after buying an additional 41,729 shares during the last quarter. Peloton Wealth Strategists grew its position in shares of McDonald’s by 2.5% during the 2nd quarter. Peloton Wealth Strategists now owns 5,768 shares of the fast-food giant’s stock valued at $1,470,000 after acquiring an additional 143 shares during the period. Alethea Capital Management LLC purchased a new stake in McDonald’s in the second quarter worth $466,000. Finally, Goodman Advisory Group LLC bought a new stake in McDonald’s in the 2nd quarter valued at about $1,575,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.3 %

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. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a fifty day moving average of $291.07 and a 200 day moving average of $288.14.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MCD shares. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Barclays upped their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Truist Financial decreased their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group lifted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $320.78.

Insider Transactions at McDonald’s

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

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.