McDonald’s Co. (NYSE:MCD) Shares Purchased by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 9.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,088 shares of the fast-food giant’s stock after acquiring an additional 505 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in McDonald’s were worth $1,765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after purchasing an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after acquiring an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of McDonald’s in the third quarter worth $121,254,000. Ameriprise Financial Inc. increased its position in shares of McDonald’s by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after acquiring an additional 354,196 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in shares of McDonald’s by 3,846.9% in the second quarter. Westwood Holdings Group Inc. now owns 273,640 shares of the fast-food giant’s stock valued at $69,734,000 after acquiring an additional 266,707 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’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 value of $321,325.62. Following the sale, the insider now owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 in the last three months. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial cut their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. Barclays increased their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $321.39.

McDonald’s Stock Up 1.3 %

Shares of MCD stock traded up $3.55 during mid-day trading on Friday, hitting $283.29. 766,822 shares of the company’s stock were exchanged, compared to its average volume of 2,806,051. The stock has a 50-day simple moving average of $293.20 and a two-hundred day simple moving average of $286.80. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market cap of $203.01 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating 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 the consensus estimate of $6.82 billion. During the same quarter in the prior year, the company posted $3.19 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

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.