Sage Investment Advisers LLC Acquires 159 Shares of McDonald’s Co. (NYSE:MCD)

Sage Investment Advisers LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 19.1% in the 4th quarter, Holdings Channel reports. The fund owned 991 shares of the fast-food giant’s stock after purchasing an additional 159 shares during the quarter. Sage Investment Advisers LLC’s holdings in McDonald’s were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Palisade Asset Management LLC grew its position in McDonald’s by 2.3% in the 4th quarter. Palisade Asset Management LLC now owns 50,016 shares of the fast-food giant’s stock worth $14,830,000 after purchasing an additional 1,142 shares during the last quarter. Centric Wealth Management lifted its stake in shares of McDonald’s by 2.5% in the fourth quarter. Centric Wealth Management now owns 4,467 shares of the fast-food giant’s stock valued at $1,277,000 after buying an additional 107 shares during the period. Peddock Capital Advisors LLC grew its position in McDonald’s by 2.5% during the fourth quarter. Peddock Capital Advisors LLC now owns 9,203 shares of the fast-food giant’s stock worth $2,729,000 after buying an additional 226 shares in the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in McDonald’s during the fourth quarter valued at about $266,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of McDonald’s by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,425,674 shares of the fast-food giant’s stock valued at $1,589,073,000 after purchasing an additional 35,639 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MCD shares. UBS Group reduced their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. BMO Capital Markets cut their price target on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Truist Financial cut their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Nine investment analysts have rated the stock with a hold rating and twenty have given 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 $317.74.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.4 %

MCD stock traded up $0.99 during midday trading on Wednesday, reaching $268.49. The company’s stock had a trading volume of 3,258,531 shares, compared to its average volume of 3,309,152. The business’s 50-day simple moving average is $278.43 and its 200-day simple moving average is $282.90. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The stock has a market cap of $193.58 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period last year, the firm earned $2.63 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Co. will post 12.18 earnings per share for the current fiscal 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.