10,524 Shares in McDonald's Co. (NYSE:MCD) Bought by Second Half Financial Partners LLC

Second Half Financial Partners LLC acquired a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,524 shares of the fast-food giant's stock, valued at approximately $3,120,000. McDonald's accounts for 1.5% of Second Half Financial Partners LLC's investment portfolio, making the stock its 19th largest position.

Other large investors have also bought and sold shares of the company. Blue Bell Private Wealth Management LLC grew its holdings in McDonald's by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant's stock worth $32,000 after acquiring an additional 42 shares during the period. First Citizens Bank & Trust Co. grew its stake in McDonald's by 6.5% during the third quarter. First Citizens Bank & Trust Co. now owns 6,162 shares of the fast-food giant's stock worth $1,623,000 after purchasing an additional 374 shares during the period. OPTIMAS CAPITAL Ltd bought a new stake in McDonald's in the third quarter worth approximately $3,109,000. Leisure Capital Management lifted its stake in McDonald's by 0.9% in the third quarter. Leisure Capital Management now owns 6,156 shares of the fast-food giant's stock valued at $1,622,000 after buying an additional 52 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of McDonald's by 4.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 8,163 shares of the fast-food giant's stock worth $2,150,000 after buying an additional 354 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the 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 completion of 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 through the SEC website. In other news, EVP Jonathan Banner sold 800 shares of the business's stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now owns 19 shares of the company's stock, valued at $5,225.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 16,977 shares of the company's stock, valued at $4,696,517.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,997 shares of company stock valued at $836,300. 0.23% of the stock is owned by company insiders.

McDonald's Price Performance

Shares of McDonald's stock traded up $3.31 during trading hours on Wednesday, hitting $273.97. 2,982,472 shares of the company's stock traded hands, compared to its average volume of 3,325,726. The stock has a market capitalization of $197.44 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.02 and a beta of 0.71. McDonald's Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a fifty day simple moving average of $276.28 and a 200-day simple moving average of $283.40.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Evercore ISI reiterated an "outperform" rating and issued a $330.00 price objective on shares of McDonald's in a research note on Wednesday, March 27th. 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 report on Thursday, May 2nd. StockNews.com downgraded McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Argus reaffirmed a "hold" rating on shares of McDonald's in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. cut their price target on McDonald's from $300.00 to $290.00 and set an "overweight" rating on the stock in a report on Wednesday, May 1st. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald's currently has an average 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.

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