McDonald’s Corporation $MCD Shares Bought by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,058 shares of the fast-food giant’s stock after acquiring an additional 95 shares during the period. Schulhoff & Co. Inc.’s holdings in McDonald’s were worth $1,770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HFM Investment Advisors LLC acquired a new stake in McDonald’s during the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the 1st quarter valued at approximately $26,000. GFG Capital LLC acquired a new stake in McDonald’s during the 2nd quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in McDonald’s during the 1st quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in McDonald’s during the 1st quarter valued at approximately $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,463 shares of company stock valued at $1,692,186. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MCD. Evercore ISI lifted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Guggenheim cut their target price on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday, October 10th. TD Cowen lifted their target price on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Truist Financial cut their target price on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada began coverage on shares of McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $324.41.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $307.36 on Wednesday. The firm has a market cap of $219.33 billion, a PE ratio of 26.34, a PEG ratio of 3.25 and a beta of 0.50. The firm has a fifty day moving average of $306.47 and a 200 day moving average of $305.48. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.97 EPS. On average, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.