Warner Financial Inc. Purchases 50 Shares of McDonald’s Co. (NYSE:MCD)

Warner Financial Inc. boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,393 shares of the fast-food giant’s stock after buying an additional 50 shares during the quarter. Warner Financial Inc.’s holdings in McDonald’s were worth $984,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCD. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in shares of McDonald’s by 0.7% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,582 shares of the fast-food giant’s stock valued at $3,647,000 after acquiring an additional 92 shares during the period. Diamant Asset Management Inc. increased its position in McDonald’s by 0.6% during the fourth quarter. Diamant Asset Management Inc. now owns 9,604 shares of the fast-food giant’s stock worth $2,784,000 after acquiring an additional 60 shares during the period. Nilsine Partners LLC raised its stake in McDonald’s by 9.3% in the 4th quarter. Nilsine Partners LLC now owns 19,386 shares of the fast-food giant’s stock worth $5,620,000 after purchasing an additional 1,642 shares in the last quarter. Lebenthal Global Advisors LLC boosted its holdings in McDonald’s by 23.8% in the 4th quarter. Lebenthal Global Advisors LLC now owns 827 shares of the fast-food giant’s stock valued at $240,000 after purchasing an additional 159 shares during the period. Finally, Foundations Investment Advisors LLC grew its position in shares of McDonald’s by 0.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 32,014 shares of the fast-food giant’s stock worth $9,281,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,905 shares of company stock valued at $2,592,327. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MCD. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Evercore ISI upped their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Truist Financial reduced their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

McDonald’s Trading Up 2.7 %

MCD opened at $293.16 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a market cap of $210.08 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 3.66 and a beta of 0.73. The company has a fifty day simple moving average of $291.07 and a 200 day simple moving average of $288.70.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for 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 firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.19 earnings per share. On average, analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current fiscal 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.