RMR Wealth Builders Boosts Holdings in McDonald’s Co. (NYSE:MCD)

RMR Wealth Builders raised its position in shares of McDonald’s Co. (NYSE:MCD) by 24.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,838 shares of the fast-food giant’s stock after acquiring an additional 757 shares during the period. RMR Wealth Builders’ holdings in McDonald’s were worth $1,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC lifted its position in shares of McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of McDonald’s during the third quarter valued at $33,000. Keener Financial Planning LLC purchased a new stake in shares of McDonald’s during the fourth quarter valued at $39,000. Finally, Bear Mountain Capital Inc. bought a new position in shares of McDonald’s in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.2 %

MCD stock opened at $267.94 on Thursday. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock has a market cap of $193.19 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. The business has a fifty day moving average of $278.43 and a two-hundred day moving average of $282.90.

McDonald’s (NYSE:MCD) last issued 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 business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.63 earnings per share. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current year.

Analyst Upgrades and Downgrades

MCD has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Truist Financial dropped their price objective on 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 target price on shares of McDonald’s in a research report on Tuesday, April 30th. Bank of America increased their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Finally, UBS Group decreased their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $317.74.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s 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 completion of the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

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.