Valicenti Advisory Services Inc. Acquires 77 Shares of McDonald’s Co. (NYSE:MCD)

Valicenti Advisory Services Inc. grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,756 shares of the fast-food giant’s stock after acquiring an additional 77 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in McDonald’s were worth $3,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of McDonald’s by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock worth $32,894,000 after acquiring an additional 2,328 shares during the last quarter. Quarry LP raised its position in McDonald’s by 54.6% during the second quarter. Quarry LP now owns 609 shares of the fast-food giant’s stock valued at $155,000 after purchasing an additional 215 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in McDonald’s by 10.8% during the second quarter. Pathway Financial Advisers LLC now owns 11,747 shares of the fast-food giant’s stock worth $2,969,000 after purchasing an additional 1,143 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new position in shares of McDonald’s in the 2nd quarter worth about $628,000. Finally, Founders Financial Alliance LLC increased its position in shares of McDonald’s by 0.7% during the 2nd quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock valued at $1,269,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,905 shares of company stock worth $2,592,327. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Truist Financial decreased 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 report on Wednesday, October 30th. UBS Group boosted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Barclays raised their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $320.87.

McDonald’s Stock Performance

McDonald’s stock opened at $292.71 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 $209.76 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 3.66 and a beta of 0.73. The stock’s 50 day simple moving average is $291.12 and its two-hundred day simple moving average is $289.23.

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 the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 earnings per share. On average, analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current 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.