Sugar Maple Asset Management LLC Purchases Shares of 337 McDonald’s Co. (NYSE:MCD)

Sugar Maple Asset Management LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, Holdings Channel reports. The fund purchased 337 shares of the fast-food giant’s stock, valued at approximately $98,000.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the third quarter worth $31,000. Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter worth $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s in the third quarter worth $58,000. Finally, FSA Wealth Management LLC bought a new position in shares of McDonald’s in the third quarter worth $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock worth $2,829,428 in the last quarter. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley raised their price target on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Bank of America lifted their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their price objective on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial cut their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $280.90 on Tuesday. The company has a market capitalization of $201.30 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73. The business has a fifty day moving average price of $292.54 and a two-hundred day moving average price of $287.50. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.19 EPS. Sell-side analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current year.

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.