Graver Capital Management LLC Buys New Shares in McDonald's Co. (NYSE:MCD)

Graver Capital Management LLC bought a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 894 shares of the fast-food giant's stock, valued at approximately $259,000. McDonald's makes up approximately 0.3% of Graver Capital Management LLC's investment portfolio, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Pettee Investors Inc. lifted its holdings in McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after buying an additional 35 shares during the period. Covestor Ltd grew its stake in McDonald's by 4.1% in the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after acquiring an additional 35 shares during the period. Independent Wealth Network Inc. grew its stake in McDonald's by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after acquiring an additional 36 shares during the period. Blue Barn Wealth LLC lifted its holdings in shares of McDonald's by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock valued at $252,000 after purchasing an additional 36 shares in the last quarter. Finally, Diligent Investors LLC lifted its holdings in shares of McDonald's by 0.8% in the fourth quarter. Diligent Investors LLC now owns 4,746 shares of the fast-food giant's stock valued at $1,376,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares of the company's stock, valued at approximately $1,421,918.26. The trade was a 69.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,636 shares of company stock valued at $5,420,722. 0.25% of the stock is currently owned by insiders.

McDonald's Price Performance

MCD stock traded down $1.45 during trading hours on Wednesday, reaching $307.24. 2,656,449 shares of the stock were exchanged, compared to its average volume of 3,551,975. The company has a market cap of $219.70 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 3.10 and a beta of 0.57. The firm's 50-day moving average is $310.15 and its 200-day moving average is $300.31. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

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

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. Piper Sandler boosted their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Morgan Stanley lowered their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Barclays upped their target price on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Eleven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

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.