Sugar Maple Asset Management LLC Buys Shares of 337 McDonald’s Co. (NYSE:MCD)

Sugar Maple Asset Management LLC bought a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 337 shares of the fast-food giant’s stock, valued at approximately $98,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its position in shares of McDonald’s by 10.1% in the second quarter. Thrivent Financial for Lutherans now owns 195,638 shares of the fast-food giant’s stock valued at $49,856,000 after purchasing an additional 17,995 shares during the period. Mount Yale Investment Advisors LLC raised its position in shares of McDonald’s by 12.8% in the second quarter. Mount Yale Investment Advisors LLC now owns 3,470 shares of the fast-food giant’s stock valued at $884,000 after purchasing an additional 395 shares during the period. Epoch Investment Partners Inc. raised its position in shares of McDonald’s by 5.2% in the second quarter. Epoch Investment Partners Inc. now owns 233,487 shares of the fast-food giant’s stock valued at $59,502,000 after purchasing an additional 11,584 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of McDonald’s by 8.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,138 shares of the fast-food giant’s stock valued at $2,160,000 after purchasing an additional 639 shares during the period. Finally, DRW Securities LLC raised its position in shares of McDonald’s by 53.3% in the second quarter. DRW Securities LLC now owns 3,982 shares of the fast-food giant’s stock valued at $1,014,000 after purchasing an additional 1,384 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCD has been the topic of a number of research reports. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Truist Financial dropped their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. UBS Group boosted their price target 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. Finally, Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Trading Up 0.4 %

Shares of NYSE:MCD opened at $280.90 on Tuesday. The stock has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.65 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a 50-day moving average price of $292.54 and a two-hundred day moving average price of $287.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during 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%. McDonald’s’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.19 EPS. As a group, equities analysts predict that McDonald’s Co. will post 11.73 EPS for the current year.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is owned by corporate insiders.

McDonald’s 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.