McDonald’s Co. (NYSE:MCD) Holdings Lifted by Strategic Blueprint LLC

Strategic Blueprint LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,521 shares of the fast-food giant’s stock after buying an additional 44 shares during the quarter. Strategic Blueprint LLC’s holdings in McDonald’s were worth $1,311,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Iams Wealth Management LLC lifted its holdings in shares of McDonald’s by 2.5% during the fourth quarter. Iams Wealth Management LLC now owns 6,531 shares of the fast-food giant’s stock valued at $1,894,000 after purchasing an additional 158 shares during the last quarter. Masso Torrence Wealth Management Inc. lifted its stake in McDonald’s by 7.5% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 1,375 shares of the fast-food giant’s stock worth $399,000 after acquiring an additional 96 shares in the last quarter. Forsta AP Fonden lifted its stake in McDonald’s by 3.7% in the 4th quarter. Forsta AP Fonden now owns 209,500 shares of the fast-food giant’s stock worth $60,732,000 after acquiring an additional 7,400 shares in the last quarter. Nvest Financial LLC lifted its stake in McDonald’s by 25.2% in the 4th quarter. Nvest Financial LLC now owns 3,068 shares of the fast-food giant’s stock worth $889,000 after acquiring an additional 618 shares in the last quarter. Finally, Twelve Points Wealth Management LLC lifted its stake in McDonald’s by 23.1% in the 4th quarter. Twelve Points Wealth Management LLC now owns 3,549 shares of the fast-food giant’s stock worth $1,029,000 after acquiring an additional 667 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Truist Financial cut 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. UBS Group increased their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. TD Cowen reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, KeyCorp lowered their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $320.87.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s 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 sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,905 shares of company stock valued at $2,592,327. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $290.41 on Thursday. The stock has a fifty day moving average of $291.12 and a 200-day moving average of $289.23. The stock has a market capitalization of $208.11 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 3.66 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.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping 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 analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that McDonald’s Co. will post 11.72 earnings per share 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.