Conning Inc. Has $33.52 Million Position in McDonald’s Corporation $MCD

Conning Inc. raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.7% in the fourth quarter, Holdings Channel reports. The fund owned 109,683 shares of the fast-food giant’s stock after acquiring an additional 1,825 shares during the period. McDonald’s comprises approximately 1.1% of Conning Inc.’s holdings, making the stock its 29th biggest position. Conning Inc.’s holdings in McDonald’s were worth $33,522,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Your Advocates Ltd. LLP bought a new position in McDonald’s during the 4th quarter valued at about $27,000. Park Place Capital Corp grew its stake in McDonald’s by 95.7% during the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock worth $28,000 after buying an additional 45 shares during the last quarter. DecisionPoint Financial LLC grew its stake in McDonald’s by 1,616.7% during the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after buying an additional 97 shares during the last quarter. Painted Porch Advisors LLC increased its holdings in shares of McDonald’s by 735.7% during the third quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after buying an additional 103 shares in the last quarter. Finally, Saranac Partners Ltd acquired a new stake in shares of McDonald’s during the third quarter worth approximately $37,000. Institutional investors own 70.29% of the company’s stock.

More McDonald’s News

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

• Positive Sentiment: McDonald’s announced a landmark $750 million naming rights partnership with Chicago Fire FC for “McDonald’s Park,” a long-term branding move that expands its community presence and reinforces the company’s Chicago roots. McDonald’s Expands Brand With $750M Stadium Deal
• Positive Sentiment: Some market commentary says MCD may be oversold after a steep selloff, with analysts still pointing to strong cash flow, industry-leading margins, and upside to consensus price targets. Catching Falling Knives: Is It Time to Buy These Beaten-Down Stocks? (MCD)
• Neutral Sentiment: McDonald’s remains a widely watched stock, with investor attention rising around recent earnings, valuation compression, and whether the company’s recent weakness has created a contrarian buying opportunity. McDonald’s Corporation (MCD) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Jim Cramer said McDonald’s looks “tough” technically and is “breaking down,” reflecting concern that the stock’s recent weakness may continue despite its defensive reputation. Jim Cramer on McDonald’s: “QSR I Think Is the Better”
• Negative Sentiment: Another Cramer commentary argued that stocks like McDonald’s, which should benefit in tough economic periods, are instead getting “slaughtered,” underscoring broader investor skepticism toward the name right now. Jim Cramer says stocks like McDonald’s, Walmart that should be soaring in tough times are instead getting ‘slaughtered’
• Negative Sentiment: Several articles highlighted that McDonald’s stock has fallen to 52-week lows and may face additional pressure if higher gas prices continue to squeeze consumer spending and restaurant visits. McDonald’s Stock Hits 52-Week Lows: High Gas Prices Could Make Things Worse

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 6,201 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the completion of the sale, the executive vice president directly owned 2,291 shares of the company’s stock, valued at approximately $763,567.39. The trade was a 73.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 2,626 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $307.00, for a total transaction of $806,182.00. Following the transaction, the insider owned 8,400 shares in the company, valued at approximately $2,578,800. The trade was a 23.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,119 shares of company stock worth $3,945,973 in the last ninety days. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCD. Jefferies Financial Group boosted their target price on McDonald’s from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Tigress Financial lifted their price objective on McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Evercore set a $350.00 price objective on McDonald’s in a research note on Friday, May 8th. Barclays decreased their target price on McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Royal Bank Of Canada lowered their target price on McDonald’s from $330.00 to $305.00 and set a “sector perform” rating for the company in a research note on Friday, May 8th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $334.45.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $274.87 on Friday. The firm has a 50 day simple moving average of $305.40 and a 200 day simple moving average of $310.25. McDonald’s Corporation has a fifty-two week low of $271.98 and a fifty-two week high of $341.75. The firm has a market cap of $195.30 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.74 and a beta of 0.43.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.09. The firm had revenue of $6.52 billion for the quarter, compared to the consensus estimate of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.67 EPS. On average, sell-side analysts expect that McDonald’s Corporation will post 12.96 EPS for the current year.

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.