XML Financial LLC Has $1.97 Million Stake in McDonald’s Co. (NYSE:MCD)

XML Financial LLC grew its stake in shares of McDonald’s Co. (NYSE:MCDFree Report) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,804 shares of the fast-food giant’s stock after purchasing an additional 55 shares during the quarter. XML Financial LLC’s holdings in McDonald’s were worth $1,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Certified Advisory Corp boosted its holdings in shares of McDonald’s by 16.0% during the 2nd quarter. Certified Advisory Corp now owns 1,235 shares of the fast-food giant’s stock worth $315,000 after buying an additional 170 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of McDonald’s by 71.6% during the second quarter. Public Sector Pension Investment Board now owns 27,644 shares of the fast-food giant’s stock worth $7,045,000 after acquiring an additional 11,539 shares during the period. Resources Management Corp CT ADV grew its position in shares of McDonald’s by 0.8% in the second quarter. Resources Management Corp CT ADV now owns 67,922 shares of the fast-food giant’s stock valued at $17,309,000 after purchasing an additional 509 shares during the last quarter. Mill Creek Capital Advisors LLC increased its stake in shares of McDonald’s by 53.6% during the second quarter. Mill Creek Capital Advisors LLC now owns 3,865 shares of the fast-food giant’s stock worth $985,000 after purchasing an additional 1,348 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in McDonald’s by 58.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after purchasing an additional 51,210 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,605 shares of company stock valued at $2,508,102 over the last quarter. 0.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. KeyCorp raised their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Wells Fargo & Company boosted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Truist Financial lowered their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Barclays lifted their price target 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. Ten equities 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, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $321.22.

Read Our Latest Research Report on MCD

McDonald’s Stock Performance

NYSE MCD opened at $282.85 on Wednesday. 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 $202.69 billion, a PE ratio of 24.83, a PEG ratio of 3.65 and a beta of 0.73. The firm’s fifty day moving average price is $292.12 and its two-hundred day moving average price is $287.72.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data 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%. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 EPS. As a group, sell-side analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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