Albion Financial Group UT Has $8.62 Million Holdings in McDonald’s Co. (NYSE:MCD)

Albion Financial Group UT decreased its stake in McDonald’s Co. (NYSE:MCD) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,749 shares of the fast-food giant’s stock after selling 235 shares during the quarter. Albion Financial Group UT’s holdings in McDonald’s were worth $8,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Certified Advisory Corp grew its position in shares of McDonald’s by 16.0% in the 2nd quarter. Certified Advisory Corp now owns 1,235 shares of the fast-food giant’s stock valued at $315,000 after purchasing an additional 170 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of McDonald’s by 71.6% in the second quarter. Public Sector Pension Investment Board now owns 27,644 shares of the fast-food giant’s stock valued at $7,045,000 after purchasing an additional 11,539 shares during the last quarter. Resources Management Corp CT ADV boosted its holdings in McDonald’s by 0.8% during the second quarter. Resources Management Corp CT ADV now owns 67,922 shares of the fast-food giant’s stock worth $17,309,000 after purchasing an additional 509 shares during the last quarter. Mill Creek Capital Advisors LLC grew its position in McDonald’s by 53.6% in the second quarter. Mill Creek Capital Advisors LLC now owns 3,865 shares of the fast-food giant’s stock valued at $985,000 after purchasing an additional 1,348 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in McDonald’s by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after buying an additional 51,210 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MCD. Truist Financial decreased their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Barclays boosted their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Evercore ISI increased their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $321.22.

McDonald’s Trading Up 0.7 %

MCD opened at $282.85 on Wednesday. The company’s 50 day moving average is $291.81 and its 200-day moving average is $287.95. The company has a market cap of $202.69 billion, a P/E ratio of 24.83, a PEG 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.

McDonald’s (NYSE:MCD) last posted its 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. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the firm posted $3.19 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Co. will post 11.73 EPS for the current year.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,605 shares of company stock valued at $2,508,102 over the last quarter. 0.23% of the stock is owned by company insiders.

McDonald’s Company 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.