McDonald’s Co. (NYSE:MCD) Shares Bought by RMR Wealth Builders

RMR Wealth Builders boosted its position in McDonald’s Co. (NYSE:MCD) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,611 shares of the fast-food giant’s stock after purchasing an additional 535 shares during the period. RMR Wealth Builders’ holdings in McDonald’s were worth $1,626,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its stake in McDonald’s by 494.9% during the second quarter. Acadian Asset Management LLC now owns 19,179 shares of the fast-food giant’s stock valued at $4,886,000 after buying an additional 15,955 shares in the last quarter. HHM Wealth Advisors LLC raised its stake in shares of McDonald’s by 19.6% during the 2nd quarter. HHM Wealth Advisors LLC now owns 719 shares of the fast-food giant’s stock worth $183,000 after purchasing an additional 118 shares in the last quarter. LPL Financial LLC lifted its stake in McDonald’s by 8.2% in the second quarter. LPL Financial LLC now owns 1,105,675 shares of the fast-food giant’s stock valued at $281,770,000 after acquiring an additional 83,807 shares during the last quarter. Mitchell Sinkler & Starr PA bought a new stake in McDonald’s in the second quarter worth $247,000. Finally, American Century Companies Inc. increased its holdings in shares of McDonald’s by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after acquiring an additional 915 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

MCD traded down $4.68 during midday trading on Friday, reaching $282.22. 3,944,893 shares of the company were exchanged, compared to its average volume of 3,030,898. The stock has a market capitalization of $202.24 billion, a P/E ratio of 24.78, a PEG ratio of 3.95 and a beta of 0.73. The stock’s 50-day simple moving average is $294.20 and its 200 day simple moving average is $285.92. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.19 earnings per share. On average, research analysts anticipate that McDonald’s Co. will post 11.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MCD shares. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. UBS Group upped their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. TD Cowen reissued a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Finally, BMO Capital Markets boosted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’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 completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,050 shares of company stock valued at $3,556,688 in the last quarter. Company insiders own 0.23% of the company’s stock.

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.