Toth Financial Advisory Corp Grows Stake in McDonald’s Co. (NYSE:MCD)

Toth Financial Advisory Corp boosted its stake in McDonald’s Co. (NYSE:MCD) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,746 shares of the fast-food giant’s stock after buying an additional 299 shares during the quarter. Toth Financial Advisory Corp’s holdings in McDonald’s were worth $8,043,000 at the end of the most recent reporting period.

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

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Up 0.3 %

Shares of MCD stock opened at $285.37 on Friday. The firm has a 50 day moving average of $291.07 and a two-hundred day moving average of $288.14. The stock has a market capitalization of $204.50 billion, a PE 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.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on MCD. Morgan Stanley cut their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday. BMO Capital Markets lifted 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 dropped their price objective 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 shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. Finally, Barclays increased their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $320.78.

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.