Inceptionr LLC Takes Position in McDonald's Co. (NYSE:MCD)

Inceptionr LLC bought a new position in shares of 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 3,015 shares of the fast-food giant's stock, valued at approximately $894,000. McDonald's accounts for 0.6% of Inceptionr LLC's holdings, making the stock its 6th largest position.

Several other hedge funds have also modified their holdings of the company. Independent Wealth Network Inc. lifted its holdings in shares of McDonald's by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant's stock worth $256,000 after acquiring an additional 35 shares during the period. Paragon Capital Management Ltd raised its holdings in shares of McDonald's by 2.7% in the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant's stock worth $407,000 after purchasing an additional 36 shares during the period. Mechanics Financial Corp lifted its stake in shares of McDonald's by 0.7% in the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant's stock valued at $1,581,000 after purchasing an additional 36 shares in the last quarter. Unique Wealth LLC increased its position in McDonald's by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant's stock worth $963,000 after purchasing an additional 38 shares in the last quarter. Finally, Patron Partners LLC raised its holdings in McDonald's by 0.7% in the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant's stock valued at $1,529,000 after buying an additional 38 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company's stock, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Jonathan Banner sold 800 shares of the business's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Insiders have sold 2,997 shares of company stock valued at $836,300 over the last quarter. Corporate insiders own 0.23% of the company's stock.

McDonald's Stock Performance

MCD traded down $0.66 during midday trading on Tuesday, hitting $270.66. The stock had a trading volume of 2,899,050 shares, compared to its average volume of 3,328,047. The company has a market cap of $195.06 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 3.06 and a beta of 0.71. McDonald's Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The business has a fifty day moving average of $276.71 and a 200 day moving average of $283.30.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.71 by ($0.01). McDonald's had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the business posted $2.63 earnings per share. McDonald's's quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald's Co. will post 12.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Argus restated a "hold" rating on shares of McDonald's in a research note on Monday, March 25th. Truist Financial lowered 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 note on Thursday, May 2nd. TD Cowen reaffirmed a "buy" rating and set a $305.00 price objective on shares of McDonald's in a report on Tuesday, April 30th. Wedbush cut their target price on McDonald's from $330.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, April 26th. Finally, BTIG Research cut McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, McDonald's has a consensus rating of "Moderate Buy" and a consensus 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.

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