Motive Wealth Advisors Has $384,000 Position in McDonald’s Co. (NYSE:MCD)

Motive Wealth Advisors lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,324 shares of the fast-food giant’s stock after buying an additional 114 shares during the period. Motive Wealth Advisors’ holdings in McDonald’s were worth $384,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kennebec Savings Bank bought a new position in McDonald’s during the 3rd quarter worth $1,394,000. Charles Schwab Investment Management Inc. increased its position in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after purchasing an additional 2,997 shares during the period. Weiss Asset Management LP bought a new stake in McDonald’s during the third quarter worth about $16,870,000. Finally, PFW Advisors LLC bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $2,471,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $284.49 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a market cap of $203.87 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 3.66 and a beta of 0.73. The business’s 50 day moving average price is $291.49 and its 200-day moving average price is $287.90.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates 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 was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.19 earnings per share. Sell-side analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. UBS Group raised their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Bank of America upped their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial cut their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $321.22.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,605 shares of company stock worth $2,508,102 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

About McDonald’s

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.