Mitchell Mcleod Pugh & Williams Inc. Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of McDonald’s Co. (NYSE:MCD) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,678 shares of the fast-food giant’s stock after acquiring an additional 51 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in McDonald’s were worth $1,356,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in McDonald’s by 1.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 127,777 shares of the fast-food giant’s stock worth $37,041,000 after buying an additional 2,297 shares during the period. Corundum Group Inc. increased its stake in shares of McDonald’s by 51.8% during the fourth quarter. Corundum Group Inc. now owns 5,395 shares of the fast-food giant’s stock valued at $1,564,000 after buying an additional 1,841 shares during the period. DLK Investment Management LLC raised its holdings in shares of McDonald’s by 0.6% during the fourth quarter. DLK Investment Management LLC now owns 15,343 shares of the fast-food giant’s stock valued at $4,448,000 after acquiring an additional 84 shares in the last quarter. Stokes Capital Advisors LLC lifted its stake in McDonald’s by 2.3% in the fourth quarter. Stokes Capital Advisors LLC now owns 34,016 shares of the fast-food giant’s stock worth $9,861,000 after acquiring an additional 778 shares during the period. Finally, Strong Tower Advisory Services boosted its holdings in McDonald’s by 4.6% in the fourth quarter. Strong Tower Advisory Services now owns 7,133 shares of the fast-food giant’s stock valued at $2,068,000 after acquiring an additional 314 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares of the company’s stock, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock valued at $2,829,428 over the last three months. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Truist Financial cut their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley increased their target price on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group lifted their price target on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Trading Up 0.4 %

McDonald’s stock opened at $280.90 on Monday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a fifty day simple moving average of $292.54 and a two-hundred day simple moving average of $287.24. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released 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 company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $3.19 EPS. On average, equities research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal 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.