Genesee Capital Advisors LLC Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Genesee Capital Advisors LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,783 shares of the fast-food giant’s stock after acquiring an additional 234 shares during the period. Genesee Capital Advisors LLC’s holdings in McDonald’s were worth $1,097,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s in the 3rd quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s in the third quarter valued at $58,000. Finally, FSA Wealth Management LLC purchased a new stake in McDonald’s during the third quarter valued at about $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $291.48 on Wednesday. The firm has a market capitalization of $208.88 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. The stock has a fifty day moving average of $291.11 and a two-hundred day moving average of $288.97. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly 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 company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’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 posted $3.19 EPS. Equities research analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. UBS Group lifted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Truist Financial decreased their target price 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. Finally, Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.87.

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.