Advance Capital Management Inc. Buys 39 Shares of McDonald’s Co. (NYSE:MCD)

Advance Capital Management Inc. increased its stake in McDonald’s Co. (NYSE:MCD) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,077 shares of the fast-food giant’s stock after purchasing an additional 39 shares during the period. Advance Capital Management Inc.’s holdings in McDonald’s were worth $892,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Doliver Advisors LP lifted its holdings in shares of McDonald’s by 4.2% during the 4th quarter. Doliver Advisors LP now owns 4,456 shares of the fast-food giant’s stock worth $1,292,000 after acquiring an additional 180 shares during the period. Boltwood Capital Management lifted its stake in McDonald’s by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of McDonald’s by 15.1% in the 4th quarter. CWA Asset Management Group LLC now owns 12,723 shares of the fast-food giant’s stock valued at $3,688,000 after purchasing an additional 1,672 shares in the last quarter. Modus Advisors LLC increased its stake in shares of McDonald’s by 0.4% in the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after purchasing an additional 36 shares during the last quarter. Finally, NRI Wealth Management LC bought a new stake in shares of McDonald’s during the 4th quarter worth $1,868,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.9 %

NYSE:MCD traded down $2.72 during trading hours on Monday, reaching $292.06. The company had a trading volume of 2,710,089 shares, compared to its average volume of 2,447,961. 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 $209.30 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 3.95 and a beta of 0.73. The business’s 50-day simple moving average is $294.61 and its two-hundred day simple moving average is $285.42.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the company posted $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current year.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the transaction, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,050 shares of company stock valued at $3,556,688. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Bank of America boosted their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial dropped their price target 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. TD Cowen reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Barclays lifted their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $320.65.

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.