Decker Retirement Planning Inc. Buys Shares of 831 McDonald’s Co. (NYSE:MCD)

Decker Retirement Planning Inc. purchased a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 831 shares of the fast-food giant’s stock, valued at approximately $241,000.

Several other institutional investors have also made changes to their positions in MCD. Empirical Asset Management LLC boosted its stake in shares of McDonald’s by 41.6% during the 4th quarter. Empirical Asset Management LLC now owns 37,809 shares of the fast-food giant’s stock valued at $10,960,000 after buying an additional 11,099 shares during the period. Cvfg LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $523,000. Bennett Associates Wealth Management boosted its position in McDonald’s by 22.8% during the fourth quarter. Bennett Associates Wealth Management now owns 922 shares of the fast-food giant’s stock valued at $267,000 after purchasing an additional 171 shares during the last quarter. Cohen Investment Advisors LLC grew its stake in McDonald’s by 1.9% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,240 shares of the fast-food giant’s stock valued at $2,968,000 after purchasing an additional 191 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC increased its position in McDonald’s by 17.6% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 1,767 shares of the fast-food giant’s stock worth $512,000 after purchasing an additional 264 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCD has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Wells Fargo & Company boosted their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Wedbush restated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Bank of America upped their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Truist Financial reduced their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Stock Down 1.0 %

MCD stock opened at $279.56 on Friday. The business’s 50-day simple moving average is $293.20 and its 200 day simple moving average is $286.80. The company has a market cap of $200.34 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month 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 for the quarter, topping the consensus estimate of $3.18 by $0.05. The company 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%. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 EPS. On average, equities research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 in the last 90 days. 0.23% of the stock is currently owned by company 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.