Riversedge Advisors LLC Raises Holdings in McDonald’s Co. (NYSE:MCD)

Riversedge Advisors LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 5.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,773 shares of the fast-food giant’s stock after acquiring an additional 87 shares during the quarter. Riversedge Advisors LLC’s holdings in McDonald’s were worth $514,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. raised its position in shares of McDonald’s by 19.9% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 4,366 shares of the fast-food giant’s stock valued at $1,229,000 after purchasing an additional 726 shares during the period. HB Wealth Management LLC raised its holdings in McDonald’s by 6.4% during the 4th quarter. HB Wealth Management LLC now owns 62,952 shares of the fast-food giant’s stock valued at $18,249,000 after acquiring an additional 3,795 shares during the period. Financial & Tax Architects LLC lifted its position in shares of McDonald’s by 3.9% during the fourth quarter. Financial & Tax Architects LLC now owns 22,982 shares of the fast-food giant’s stock worth $6,662,000 after acquiring an additional 856 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of McDonald’s by 3.1% in the fourth quarter. Trust Co. of Vermont now owns 49,222 shares of the fast-food giant’s stock worth $14,269,000 after acquiring an additional 1,461 shares during the period. Finally, Premier Path Wealth Partners LLC grew its position in shares of McDonald’s by 6.2% in the fourth quarter. Premier Path Wealth Partners LLC now owns 5,142 shares of the fast-food giant’s stock valued at $1,491,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial cut their target price 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. The Goldman Sachs Group raised their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Morgan Stanley upped their target price on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Barclays raised their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Activity at McDonald’s

In related 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 sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’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 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 ownership of the stock. 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 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.4 %

Shares of McDonald’s stock opened at $280.90 on Friday. The business has a fifty day simple moving average of $292.54 and a two-hundred day simple moving average of $286.97. The firm has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.67 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.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current year.

About McDonald’s

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.