R.H. Investment Group LLC Makes New $3.56 Million Investment in McDonald’s Co. (NYSE:MCD)

R.H. Investment Group LLC acquired a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,284 shares of the fast-food giant’s stock, valued at approximately $3,561,000. McDonald’s accounts for 3.4% of R.H. Investment Group LLC’s portfolio, making the stock its 19th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Kennebec Savings Bank acquired a new stake in McDonald’s during the 3rd quarter worth about $1,394,000. Charles Schwab Investment Management Inc. boosted its stake in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after buying an additional 51,210 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after acquiring an additional 2,997 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in McDonald’s during the third quarter valued at approximately $16,870,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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 Trading Down 0.8 %

Shares of NYSE MCD opened at $281.40 on Wednesday. The stock has a market cap of $201.66 billion, a PE ratio of 24.71, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a 50-day moving average of $293.43 and a 200 day moving average of $286.83.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 earnings per share. On average, sell-side analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Analysts Set New Price Targets

MCD has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Truist Financial cut their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Bank of America increased their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI increased their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $321.39.

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.