RMR Wealth Builders Purchases 757 Shares of McDonald’s Co. (NYSE:MCD)

RMR Wealth Builders boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 24.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,838 shares of the fast-food giant’s stock after purchasing an additional 757 shares during the period. RMR Wealth Builders’ holdings in McDonald’s were worth $1,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Ironwood Wealth Management LLC. raised its position in shares of McDonald’s by 2.6% during the third quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant’s stock worth $1,031,000 after purchasing an additional 100 shares during the period. WESPAC Advisors LLC acquired a new stake in McDonald’s during the 3rd quarter worth approximately $224,000. Baystate Wealth Management LLC lifted its stake in McDonald’s by 2.8% in the third quarter. Baystate Wealth Management LLC now owns 2,561 shares of the fast-food giant’s stock valued at $675,000 after buying an additional 69 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of McDonald’s by 5.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 188,421 shares of the fast-food giant’s stock valued at $49,659,000 after buying an additional 10,396 shares during the period. Finally, Kanawha Capital Management LLC increased its position in shares of McDonald’s by 1.1% during the third quarter. Kanawha Capital Management LLC now owns 86,924 shares of the fast-food giant’s stock worth $22,899,000 after acquiring an additional 905 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.2 %

Shares of McDonald’s stock opened at $267.94 on Thursday. The stock has a market cap of $193.19 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 3.01 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The company’s fifty day moving average is $278.43 and its 200 day moving average is $282.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the firm posted $2.63 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that McDonald’s Co. will post 12.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Morgan Stanley decreased their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Stifel Nicolaus reduced their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Barclays lowered their price target on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. TD Cowen restated a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a report on Tuesday, April 30th. Finally, Truist Financial dropped their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $317.74.

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.