McDonald’s Co. (NYSE:MCD) is Liberty One Investment Management LLC’s 6th Largest Position

Liberty One Investment Management LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 0.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,315 shares of the fast-food giant’s stock after buying an additional 973 shares during the period. McDonald’s accounts for approximately 3.3% of Liberty One Investment Management LLC’s portfolio, making the stock its 6th largest holding. Liberty One Investment Management LLC’s holdings in McDonald’s were worth $30,240,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock valued at $2,829,428 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Truist Financial cut their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Bank of America upped their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Stock Up 0.4 %

Shares of McDonald’s stock opened at $280.90 on Friday. The business has a 50 day moving average of $292.54 and a 200 day moving average of $286.97. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market cap of $201.30 billion, a PE ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.19 EPS. On average, research analysts anticipate that McDonald’s Co. will post 11.73 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.