PFG Investments LLC Purchases 119 Shares of McDonald’s Co. (NYSE:MCD)

PFG Investments LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,936 shares of the fast-food giant’s stock after purchasing an additional 119 shares during the quarter. PFG Investments LLC’s holdings in McDonald’s were worth $4,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Drive Wealth Management LLC raised its stake in McDonald’s by 3.6% during the fourth quarter. Drive Wealth Management LLC now owns 2,026 shares of the fast-food giant’s stock valued at $587,000 after buying an additional 70 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in McDonald’s during the fourth quarter valued at $220,000. Stablepoint Partners LLC raised its stake in McDonald’s by 0.5% during the fourth quarter. Stablepoint Partners LLC now owns 21,450 shares of the fast-food giant’s stock valued at $6,218,000 after buying an additional 101 shares during the last quarter. Clarendon Private LLC purchased a new position in McDonald’s during the fourth quarter valued at $923,000. Finally, Marshall Financial Group LLC raised its stake in McDonald’s by 1.0% during the fourth quarter. Marshall Financial Group LLC now owns 10,064 shares of the fast-food giant’s stock valued at $2,918,000 after buying an additional 99 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 8,905 shares of company stock valued at $2,592,327 in the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $285.37 on Monday. The stock has a market capitalization of $204.50 billion, a PE ratio of 25.05, a P/E/G ratio of 3.66 and a beta of 0.73. The business has a 50 day simple moving average of $291.07 and a two-hundred day simple moving average of $288.43. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $3.19 EPS. On average, analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial lowered their price objective 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. Evercore ISI boosted their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. UBS Group boosted their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. Finally, Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.78.

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.