Rep. Jefferson Shreve Buys McDonald's Co. (NYSE:MCD) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of McDonald's Co. NYSE: MCD. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in McDonald's stock on April 11th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

McDonald's Price Performance

NYSE:MCD traded down $1.71 during trading hours on Monday, reaching $311.97. 4,137,279 shares of the company traded hands, compared to its average volume of 3,558,845. The firm's 50-day moving average is $310.18 and its 200-day moving average is $300.25. The stock has a market cap of $223.08 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

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

Institutional Trading of McDonald's

A number of hedge funds have recently made changes to their positions in the company. WealthPlan Investment Management LLC lifted its stake in shares of McDonald's by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after acquiring an additional 32 shares during the period. Granite Bay Wealth Management LLC raised its holdings in McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC lifted its position in shares of McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC boosted its stake in shares of McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares during the last quarter. Finally, Security Financial Services INC. increased its position in shares of McDonald's by 0.7% during the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Citigroup upped their target price on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Truist Financial set a $350.00 target price on McDonald's in a research report on Friday, May 2nd. Eleven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $325.91.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the sale, the insider now owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. This represents a 24.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,136 shares of company stock valued at $8,676,247 over the last quarter. Insiders own 0.25% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About McDonald's

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.