Tealwood Asset Management Inc. Boosts Stock Position in McDonald’s Co. (NYSE:MCD)

Tealwood Asset Management Inc. increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,083 shares of the fast-food giant’s stock after buying an additional 111 shares during the period. Tealwood Asset Management Inc.’s holdings in McDonald’s were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Grandview Asset Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $265,000. Traveka Wealth LLC lifted its stake in McDonald’s by 28.4% in the 4th quarter. Traveka Wealth LLC now owns 1,728 shares of the fast-food giant’s stock valued at $501,000 after buying an additional 382 shares in the last quarter. Unique Wealth LLC boosted its holdings in McDonald’s by 3.3% in the 4th quarter. Unique Wealth LLC now owns 3,470 shares of the fast-food giant’s stock worth $1,006,000 after buying an additional 112 shares during the last quarter. BCS Wealth Management purchased a new stake in McDonald’s during the 4th quarter worth approximately $645,000. Finally, Granite Bay Wealth Management LLC acquired a new position in shares of McDonald’s during the fourth quarter valued at approximately $277,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The shares were 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 in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 in the last ninety days. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.3 %

MCD opened at $283.20 on Tuesday. The firm has a market cap of $202.95 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.95 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 business has a fifty day simple moving average of $293.75 and a 200-day simple moving average of $286.65.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating 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 company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the company posted $3.19 EPS. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

MCD has been the subject of several research reports. Truist Financial dropped their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the stock from $311.00 to $334.00 in a report on Friday. Wedbush reissued an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Evercore ISI raised their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $321.39.

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.