Stonehage Fleming Financial Services Holdings Ltd Purchases 7,143 Shares of McDonald’s Corporation $MCD

Stonehage Fleming Financial Services Holdings Ltd raised its position in McDonald’s Corporation (NYSE:MCD) by 1.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 411,138 shares of the fast-food giant’s stock after acquiring an additional 7,143 shares during the period. McDonald’s makes up about 3.5% of Stonehage Fleming Financial Services Holdings Ltd’s holdings, making the stock its 15th largest position. Stonehage Fleming Financial Services Holdings Ltd owned 0.06% of McDonald’s worth $124,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Truist Financial Corp raised its position in shares of McDonald’s by 2.5% during the third quarter. Truist Financial Corp now owns 425,185 shares of the fast-food giant’s stock worth $129,209,000 after purchasing an additional 10,384 shares during the period. Rainey & Randall Wealth Advisors Inc. increased its stake in McDonald’s by 57.8% during the 3rd quarter. Rainey & Randall Wealth Advisors Inc. now owns 18,661 shares of the fast-food giant’s stock valued at $5,671,000 after purchasing an additional 6,833 shares in the last quarter. EPG Wealth Management LLC increased its stake in McDonald’s by 4.9% during the 3rd quarter. EPG Wealth Management LLC now owns 7,117 shares of the fast-food giant’s stock valued at $2,163,000 after purchasing an additional 335 shares in the last quarter. Braun Bostich & Associates Inc. raised its holdings in McDonald’s by 9.4% during the third quarter. Braun Bostich & Associates Inc. now owns 1,607 shares of the fast-food giant’s stock worth $488,000 after buying an additional 138 shares during the last quarter. Finally, Little House Capital LLC lifted its stake in shares of McDonald’s by 1.2% in the third quarter. Little House Capital LLC now owns 5,923 shares of the fast-food giant’s stock valued at $1,800,000 after buying an additional 70 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the completion of the sale, the chief financial officer owned 26,353 shares in the company, valued at $8,169,430. This trade represents a 39.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares in the company, valued at $1,861,832.16. This trade represents a 34.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 45,142 shares of company stock valued at $13,841,169 over the last quarter. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MCD shares. Truist Financial boosted their target price on shares of McDonald’s from $350.00 to $356.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Robert W. Baird lifted their price target on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Guggenheim increased their price objective on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $328.88.

McDonald’s Trading Up 0.3%

MCD stock opened at $313.91 on Wednesday. The stock has a market cap of $223.55 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.11 and a beta of 0.53. The stock’s fifty day simple moving average is $309.21 and its two-hundred day simple moving average is $306.22. McDonald’s Corporation has a 1-year low of $283.47 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.23 earnings per share. As a group, analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.