Income Insurance Ltd Purchases Shares of 2,145 McDonald’s Corporation $MCD

Income Insurance Ltd purchased a new stake in McDonald’s Corporation (NYSE:MCD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,145 shares of the fast-food giant’s stock, valued at approximately $656,000.

Other large investors have also recently bought and sold shares of the company. Evergreen Private Wealth LLC grew its position in McDonald’s by 162.5% in the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after acquiring an additional 52 shares during the period. Your Advocates Ltd. LLP bought a new stake in McDonald’s in the fourth quarter valued at $27,000. Park Place Capital Corp grew its position in McDonald’s by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 45 shares during the period. DecisionPoint Financial LLC grew its position in McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after acquiring an additional 97 shares during the period. Finally, Painted Porch Advisors LLC grew its position in McDonald’s by 735.7% in the third quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock valued at $36,000 after acquiring an additional 103 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s beat Q1 earnings and revenue estimates, with EPS of $2.83 and revenue of $6.52 billion, helping reassure investors that the brand is still executing well in a tougher consumer environment. Article Title
• Positive Sentiment: Global comparable sales rose 3.8%, supported by value meals, loyalty spending, and new menu items such as the Big Arch burger and specialty drinks, showing McDonald’s value push is driving traffic and sales growth. Article Title
• Positive Sentiment: Several analysts kept bullish ratings even as they trimmed price targets, reflecting confidence that McDonald’s can keep gaining share and recover if consumer demand stabilizes. Article Title

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Rothschild & Co Redburn upgraded McDonald’s from a “sell” rating to a “neutral” rating and upped their price target for the company from $260.00 to $306.00 in a research report on Thursday, April 23rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a report on Friday, February 13th. Sanford C. Bernstein restated a “market perform” rating and set a $340.00 target price on shares of McDonald’s in a report on Thursday, February 12th. Evercore set a $350.00 target price on McDonald’s in a report on Friday. Finally, Cfra upgraded McDonald’s to a “buy” rating in a report on Friday. Seventeen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $335.14.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 2,626 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $325.25, for a total value of $854,106.50. Following the transaction, the insider owned 5,398 shares in the company, valued at $1,755,699.50. This trade represents a 32.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 4,692 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $331.00, for a total value of $1,553,052.00. Following the completion of the transaction, the chief marketing officer owned 6,200 shares in the company, valued at approximately $2,052,200. This represents a 43.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,990 shares of company stock worth $23,824,113 in the last ninety days. 0.26% of the stock is currently owned by insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $275.62 on Friday. The stock’s fifty day moving average is $311.40 and its 200-day moving average is $311.40. The stock has a market capitalization of $195.92 billion, a PE ratio of 22.72, a PEG ratio of 2.56 and a beta of 0.43. McDonald’s Corporation has a 52 week low of $274.83 and a 52 week high of $341.75.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping the consensus estimate of $2.74 by $0.09. The company had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a negative return on equity of 395.08% and a net margin of 31.62%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.67 earnings per share. As a group, analysts forecast that McDonald’s Corporation will post 13.04 earnings per share for the current fiscal year.

McDonald’s 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.