McDonald’s Co. (NYSE:MCD) Shares Purchased by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 52,463 shares of the fast-food giant’s stock after buying an additional 641 shares during the period. Salem Investment Counselors Inc.’s holdings in McDonald’s were worth $15,208,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new position in McDonald’s during the 3rd quarter valued at about $1,394,000. Charles Schwab Investment Management Inc. grew its stake in shares of McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of McDonald’s by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after purchasing an additional 51,210 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of McDonald’s by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after purchasing an additional 2,997 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $16,870,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Truist Financial decreased 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. JPMorgan Chase & Co. raised their target price on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. BMO Capital Markets raised their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $311.00 to $334.00 in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Stock Up 0.6 %

Shares of NYSE:MCD traded up $1.78 during trading on Monday, reaching $284.09. The stock had a trading volume of 1,144,469 shares, compared to its average volume of 2,766,732. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $203.58 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 3.95 and a beta of 0.73. The stock has a fifty day simple moving average of $293.94 and a two-hundred day simple moving average of $286.47.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the company posted $3.19 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that McDonald’s Co. will post 11.75 EPS for the current year.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is owned by insiders.

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.