Conrad Siegel Investment Advisors Inc. Takes $227,000 Position in McDonald’s Co. (NYSE:MCD)

Conrad Siegel Investment Advisors Inc. bought a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 784 shares of the fast-food giant’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Steigerwald Gordon & Koch Inc. raised its position in McDonald’s by 2.4% in the third quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock valued at $433,000 after purchasing an additional 33 shares during the period. Riversedge Advisors LLC boosted its stake in McDonald’s by 2.0% during the third quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock worth $513,000 after buying an additional 33 shares during the period. Proquility Private Wealth Partners LLC raised its stake in shares of McDonald’s by 1.0% in the 3rd quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock valued at $1,057,000 after acquiring an additional 35 shares during the period. Clear Creek Financial Management LLC lifted its holdings in shares of McDonald’s by 2.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after acquiring an additional 35 shares during the last quarter. Finally, GDS Wealth Management boosted its position in shares of McDonald’s by 1.4% during the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after purchasing an additional 35 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock worth $2,829,428 in the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock traded up $0.89 during mid-day trading on Monday, hitting $283.20. 3,385,330 shares of the stock were exchanged, compared to its average volume of 3,095,974. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock’s fifty day simple moving average is $293.94 and its two-hundred day simple moving average is $286.47. The stock has a market capitalization of $202.95 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during 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%. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.19 EPS. On average, research analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. Truist Financial decreased their price target on 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 raised their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research note on Wednesday, October 23rd. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the stock from $311.00 to $334.00 in a research note on Friday. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $321.39.

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.