Barr E S & Co. Reduces Holdings in McDonald’s Co. (NYSE:MCD)

Barr E S & Co. lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,156 shares of the fast-food giant’s stock after selling 100 shares during the period. Barr E S & Co.’s holdings in McDonald’s were worth $1,725,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in McDonald’s by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,351,067 shares of the fast-food giant’s stock worth $2,845,459,000 after acquiring an additional 507,599 shares during the period. Northeast Financial Consultants Inc grew its holdings in McDonald’s by 7.3% during the 2nd quarter. Northeast Financial Consultants Inc now owns 7,670 shares of the fast-food giant’s stock valued at $1,772,000 after purchasing an additional 519 shares during the last quarter. Capital Asset Advisory Services LLC boosted its stake in shares of McDonald’s by 126.0% during the third quarter. Capital Asset Advisory Services LLC now owns 4,999 shares of the fast-food giant’s stock valued at $1,205,000 after purchasing an additional 2,787 shares during the period. Patten & Patten Inc. TN boosted its position in McDonald’s by 1.7% in the 3rd quarter. Patten & Patten Inc. TN now owns 10,698 shares of the fast-food giant’s stock valued at $2,579,000 after buying an additional 174 shares during the period. Finally, North Star Asset Management Inc. lifted its holdings in shares of McDonald’s by 59.5% in the 3rd quarter. North Star Asset Management Inc. now owns 5,387 shares of the fast-food giant’s stock worth $1,299,000 after buying an additional 2,009 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

In other McDonald’s news, insider Joseph M. Erlinger sold 4,324 shares of the company’s stock in a transaction that occurred on Friday, October 29th. The stock was sold at an average price of $245.41, for a total value of $1,061,152.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Shares of McDonald’s stock traded down $2.25 during trading on Friday, hitting $259.16. 63,825 shares of the company were exchanged, compared to its average volume of 2,342,957. McDonald’s Co. has a 1-year low of $202.73 and a 1-year high of $271.15. The firm has a market capitalization of $193.65 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.60. The firm’s fifty day moving average price is $259.22 and its 200 day moving average price is $246.62.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, October 27th. The fast-food giant reported $2.76 EPS for the quarter, beating the consensus estimate of $2.46 by $0.30. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.04 billion. McDonald’s had a net margin of 32.33% and a negative return on equity of 99.00%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.22 EPS. Sell-side analysts predict that McDonald’s Co. will post 9.41 EPS for the current year.

A number of analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on McDonald’s from $245.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, October 28th. KeyCorp increased their target price on McDonald’s from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, October 28th. Piper Sandler upgraded McDonald’s from a “neutral” rating to an “overweight” rating and upped their price target for the company from $232.00 to $282.00 in a research report on Monday, January 3rd. JPMorgan Chase & Co. upped their price target on McDonald’s from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, October 28th. Finally, Loop Capital began coverage on shares of McDonald’s in a report on Wednesday, October 13th. They issued a “buy” rating and a $306.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $273.48.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S.; International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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