McDonald's Co. (NYSE:MCD) Holdings Increased by Waverly Advisors LLC

Waverly Advisors LLC grew its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 69.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,271 shares of the fast-food giant's stock after buying an additional 18,958 shares during the quarter. Waverly Advisors LLC's holdings in McDonald's were worth $13,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Ellsworth Advisors LLC raised its holdings in shares of McDonald's by 2.8% in the 4th quarter. Ellsworth Advisors LLC now owns 20,013 shares of the fast-food giant's stock worth $5,802,000 after purchasing an additional 549 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in shares of McDonald's by 80.9% in the 4th quarter. Diversify Wealth Management LLC now owns 12,145 shares of the fast-food giant's stock worth $3,429,000 after purchasing an additional 5,430 shares in the last quarter. Donor Advised Charitable Giving Inc. bought a new stake in shares of McDonald's in the 4th quarter worth approximately $1,457,000. Thrive Wealth Management LLC raised its holdings in shares of McDonald's by 1.2% in the 4th quarter. Thrive Wealth Management LLC now owns 3,453 shares of the fast-food giant's stock worth $1,001,000 after purchasing an additional 40 shares in the last quarter. Finally, M.E. Allison & CO. Inc. bought a new stake in shares of McDonald's in the 4th quarter worth approximately $227,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MCD. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. KeyCorp boosted their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Truist Financial set a $350.00 price target on shares of McDonald's in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, Bank of America boosted their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, McDonald's presently has an average rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Price Performance

NYSE:MCD opened at $321.23 on Tuesday. The stock has a market cap of $229.69 billion, a P/E ratio of 28.20, a PEG ratio of 3.10 and a beta of 0.57. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The company has a fifty day moving average price of $310.48 and a 200 day moving average price of $300.94.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the prior year, the company earned $2.70 EPS. The business's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the sale, the chief marketing officer now owns 9,858 shares of the company's stock, valued at $2,964,892.08. This trade represents a 24.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,636 shares of company stock worth $5,420,722. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.

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