Bennett Selby Investments LP Buys 37 Shares of McDonald’s Co. (NYSE:MCD)

Bennett Selby Investments LP increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,174 shares of the fast-food giant’s stock after buying an additional 37 shares during the period. McDonald’s accounts for about 0.6% of Bennett Selby Investments LP’s portfolio, making the stock its 27th largest holding. Bennett Selby Investments LP’s holdings in McDonald’s were worth $1,500,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the third quarter valued at about $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s in the third quarter valued at about $58,000. Finally, FSA Wealth Management LLC bought a new position in McDonald’s during the third quarter worth about $72,000. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly 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. Over the last ninety days, insiders sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $285.37 on Friday. The business’s 50-day moving average is $291.21 and its 200-day moving average is $287.88. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market capitalization of $204.50 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 EPS. Analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.

Analysts Set New Price Targets

MCD has been the subject of several recent analyst reports. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $311.00 to $334.00 in a research note on Friday, January 10th. Wells Fargo & Company upped their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Truist Financial lowered their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.78.

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.