SGL Investment Advisors Inc. Increases Stock Position in McDonald’s Co. (NYSE:MCD)

SGL Investment Advisors Inc. raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 835 shares of the fast-food giant’s stock after acquiring an additional 159 shares during the period. SGL Investment Advisors Inc.’s holdings in McDonald’s were worth $257,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $2,725,190,000. Raymond James Financial Inc. acquired a new position in McDonald’s during the fourth quarter worth about $703,074,000. Castlekeep Investment Advisors LLC purchased a new stake in McDonald’s in the 4th quarter valued at approximately $350,935,000. Northern Trust Corp boosted its stake in shares of McDonald’s by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after acquiring an additional 895,896 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of McDonald’s by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock worth $1,175,326,000 after buying an additional 794,536 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $314.04 on Friday. The company has a market cap of $224.56 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm’s 50 day simple moving average is $309.80 and its 200-day simple moving average is $300.47.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts’ consensus estimates of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $2.70 EPS. On average, analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCD. 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. KeyCorp lifted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Barclays lifted their price target on shares of McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Piper Sandler upped their price objective on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley reduced their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday, March 17th. Eleven 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 company. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $325.91.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 10,459 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the sale, the executive vice president now owns 4,606 shares of the company’s stock, valued at $1,421,918.26. This represents a 69.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. This represents a 7.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,636 shares of company stock valued at $5,420,722. 0.25% of the stock is owned by insiders.

McDonald’s Profile

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.