Sage Investment Advisers LLC Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Sage Investment Advisers LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 19.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 991 shares of the fast-food giant’s stock after buying an additional 159 shares during the period. Sage Investment Advisers LLC’s holdings in McDonald’s were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Palisade Asset Management LLC lifted its stake in McDonald’s by 2.3% in the fourth quarter. Palisade Asset Management LLC now owns 50,016 shares of the fast-food giant’s stock worth $14,830,000 after purchasing an additional 1,142 shares during the last quarter. Centric Wealth Management increased its stake in McDonald’s by 2.5% in the fourth quarter. Centric Wealth Management now owns 4,467 shares of the fast-food giant’s stock worth $1,277,000 after purchasing an additional 107 shares during the period. Peddock Capital Advisors LLC lifted its position in shares of McDonald’s by 2.5% during the fourth quarter. Peddock Capital Advisors LLC now owns 9,203 shares of the fast-food giant’s stock worth $2,729,000 after purchasing an additional 226 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in shares of McDonald’s in the fourth quarter worth about $266,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of McDonald’s by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,425,674 shares of the fast-food giant’s stock valued at $1,589,073,000 after acquiring an additional 35,639 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MCD shares. Truist Financial dropped their price objective on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Stephens restated an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a report on Monday, February 5th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Wedbush reduced their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, Bank of America upped their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $317.74.

McDonald’s Price Performance

MCD traded up $0.99 during trading on Wednesday, reaching $268.49. 3,258,531 shares of the company’s stock were exchanged, compared to its average volume of 3,309,152. The company’s fifty day simple moving average is $278.43 and its 200-day simple moving average is $282.90. The stock has a market capitalization of $193.58 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. McDonald’s’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.63 earnings per share. Equities analysts forecast that McDonald’s Co. will post 12.18 EPS for the current year.

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.