US Asset Management LLC Acquires Shares of 3,212 McDonald’s Co. (NYSE:MCD)

US Asset Management LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,212 shares of the fast-food giant’s stock, valued at approximately $952,000. McDonald’s comprises approximately 0.9% of US Asset Management LLC’s portfolio, making the stock its 27th biggest position.

Other institutional investors also recently modified their holdings of the company. Ironwood Wealth Management LLC. lifted its position in McDonald’s by 2.6% during the 3rd quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant’s stock worth $1,031,000 after buying an additional 100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in 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 acquiring an additional 10,396 shares during the last quarter. Park Avenue Securities LLC lifted its stake in McDonald’s by 4.6% in the 3rd quarter. Park Avenue Securities LLC now owns 21,767 shares of the fast-food giant’s stock valued at $5,734,000 after purchasing an additional 955 shares during the last quarter. Keel Point LLC grew its holdings in McDonald’s by 2.0% during the third quarter. Keel Point LLC now owns 2,590 shares of the fast-food giant’s stock worth $682,000 after purchasing an additional 50 shares during the period. Finally, North Star Asset Management Inc. increased its position in McDonald’s by 11.1% during the third quarter. North Star Asset Management Inc. now owns 5,639 shares of the fast-food giant’s stock worth $1,486,000 after buying an additional 562 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

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

McDonald’s Price Performance

MCD traded up $5.58 during midday trading on Friday, reaching $273.53. 2,539,298 shares of the company’s stock traded hands, compared to its average volume of 3,294,745. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The firm has a fifty day moving average of $277.42 and a two-hundred day moving average of $282.69. The stock has a market capitalization of $197.22 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced 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 negative return on equity of 180.54% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the previous year, the business earned $2.63 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts forecast that McDonald’s Co. will post 12.18 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MCD shares. Truist Financial dropped their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. KeyCorp decreased their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. BMO Capital Markets decreased their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Finally, BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $317.74.

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.