Nisa Investment Advisors LLC Decreases Holdings in McDonald’s Co. (NYSE:MCD)

Nisa Investment Advisors LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 226,555 shares of the fast-food giant’s stock after selling 5,538 shares during the period. Nisa Investment Advisors LLC’s holdings in McDonald’s were worth $65,676,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at about $31,000. Hara Capital LLC acquired a new position in McDonald’s during the third quarter worth approximately $44,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s in the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s during the third quarter worth approximately $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $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. Insiders have sold 8,605 shares of company stock worth $2,508,102 over the last quarter. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Bank of America upped their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and increased their price target for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Truist Financial dropped their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley dropped their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.22.

McDonald’s Trading Up 0.7 %

Shares of MCD stock opened at $282.85 on Wednesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market capitalization of $202.69 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 3.65 and a beta of 0.73. The firm has a 50-day moving average price of $292.12 and a 200 day moving average price of $287.72.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.19 earnings per share. As a group, research analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current year.

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.