Grandview Asset Management LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

Grandview Asset Management LLC acquired a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 915 shares of the fast-food giant’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Traveka Wealth LLC boosted its holdings 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 worth $501,000 after buying an additional 382 shares during the period. Unique Wealth LLC lifted its position in shares of McDonald’s by 3.3% in the fourth quarter. Unique Wealth LLC now owns 3,470 shares of the fast-food giant’s stock valued at $1,006,000 after acquiring an additional 112 shares in the last quarter. BCS Wealth Management bought a new position in shares of McDonald’s in the fourth quarter worth about $645,000. Granite Bay Wealth Management LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth about $277,000. Finally, First Financial Corp IN raised its stake in McDonald’s by 11.2% during the 4th quarter. First Financial Corp IN now owns 2,944 shares of the fast-food giant’s stock valued at $853,000 after purchasing an additional 297 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Up 0.3 %

Shares of MCD opened at $283.20 on Tuesday. The firm has a market capitalization 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 12-month low of $243.53 and a 12-month high of $317.90. The firm has a fifty day moving average price of $293.75 and a 200-day moving average price of $286.65.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping 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 business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm earned $3.19 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. 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 note on Wednesday, October 30th. UBS Group upped their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Wedbush reiterated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the transaction, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock worth $2,829,428 in the last ninety days. 0.23% of the stock is owned by company insiders.

McDonald’s 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.