McDonald’s Co. (NYSE:MCD) is Range Financial Group LLC’s 10th Largest Position

Range Financial Group LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 299.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,473 shares of the fast-food giant’s stock after acquiring an additional 7,851 shares during the period. McDonald’s accounts for 1.4% of Range Financial Group LLC’s portfolio, making the stock its 10th largest holding. Range Financial Group LLC’s holdings in McDonald’s were worth $3,036,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in McDonald’s during the third quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the third quarter valued at $31,000. Hara Capital LLC bought a new position in McDonald’s during the third quarter valued at $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s in the 3rd quarter worth about $58,000. Finally, FSA Wealth Management LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth about $72,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Price Performance

NYSE:MCD traded down $2.80 during trading hours on Tuesday, hitting $289.38. 3,418,002 shares of the company were exchanged, compared to its average volume of 2,901,824. The stock has a market capitalization of $207.38 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company’s 50 day moving average price is $294.52 and its 200-day moving average price is $285.69.

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

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 44.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,050 shares of company stock valued at $3,556,688. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MCD shares. Truist Financial lowered their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. KeyCorp raised their target price on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Barclays raised their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.