Nvest Financial LLC Increases Stake in McDonald’s Co. (NYSE:MCD)

Nvest Financial LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 25.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,068 shares of the fast-food giant’s stock after purchasing an additional 618 shares during the quarter. Nvest Financial LLC’s holdings in McDonald’s were worth $889,000 at the end of the most recent quarter.

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

McDonald’s Price Performance

Shares of MCD stock opened at $291.48 on Wednesday. The stock’s fifty day moving average price is $291.12 and its 200 day moving average price is $289.23. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market cap of $208.88 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly 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. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 earnings per share. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research analyst reports. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Truist Financial dropped 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. UBS Group lifted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $320.87.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,905 shares of company stock valued at $2,592,327. Insiders own 0.23% of the company’s stock.

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.