Rainey & Randall Wealth Advisors Inc. Raises Stake in McDonald’s Corporation $MCD

Rainey & Randall Wealth Advisors Inc. increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 57.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,661 shares of the fast-food giant’s stock after buying an additional 6,833 shares during the period. McDonald’s comprises about 0.9% of Rainey & Randall Wealth Advisors Inc.’s holdings, making the stock its 19th biggest position. Rainey & Randall Wealth Advisors Inc.’s holdings in McDonald’s were worth $5,671,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in MCD. Decker Retirement Planning Inc. increased its stake in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in McDonald’s during the second quarter valued at $25,000. Evergreen Private Wealth LLC increased 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 worth $26,000 after buying an additional 52 shares during the last quarter. GFG Capital LLC purchased a new stake in McDonald’s in the second quarter worth $29,000. Finally, Financial Gravity Companies Inc. purchased a new stake in McDonald’s in the second quarter worth $29,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MCD shares. Oppenheimer raised McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 price target on the stock in a research report on Tuesday, January 6th. KeyCorp boosted their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Citigroup dropped their price objective on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. Finally, TD Cowen reissued a “hold” rating on shares of McDonald’s in a research report on Thursday, January 8th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average target price of $328.88.

McDonald’s Price Performance

MCD opened at $313.91 on Wednesday. The firm has a market capitalization of $223.55 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. McDonald’s Corporation has a one year low of $283.47 and a one year high of $326.32. The company has a fifty day moving average price of $309.21 and a 200-day moving average price of $306.22.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 32.04% and a negative return on equity of 280.89%. McDonald’s’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.23 EPS. On average, analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This represents a 74.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ian Frederick Borden sold 17,134 shares of McDonald’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the sale, the chief financial officer directly owned 26,353 shares of the company’s stock, valued at $8,169,430. This represents a 39.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,142 shares of company stock worth $13,841,169 over the last three months. Company insiders own 0.25% of the company’s stock.

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.