Oak Family Advisors LLC Has $212,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Oak Family Advisors LLC lessened its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 13.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 751 shares of the fast-food giant’s stock after selling 120 shares during the quarter. Oak Family Advisors LLC’s holdings in McDonald’s were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s in the 1st quarter worth $28,000. Signature Resources Capital Management LLC bought a new stake in McDonald’s during the 4th quarter worth approximately $31,000. Spartan Planning & Wealth Management bought a new position in McDonald’s in the third quarter valued at approximately $33,000. Clear Investment Research LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $38,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth $39,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of MCD traded down $2.00 during mid-day trading on Tuesday, hitting $265.87. 2,270,548 shares of the company traded hands, compared to its average volume of 3,289,320. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a 50-day moving average price of $274.03 and a two-hundred day moving average price of $283.65. The stock has a market cap of $191.61 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 3.04 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.63 EPS. On average, analysts forecast that McDonald’s Co. will post 12.17 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MCD. Robert W. Baird dropped their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Truist Financial decreased their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. UBS Group cut their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, KeyCorp decreased their price target on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

Get Our Latest Stock Analysis on MCD

Insider Buying and Selling

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,997 shares of company stock worth $836,300. 0.23% of the stock is owned by corporate insiders.

McDonald’s Profile

(Free Report)

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.

See Also

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

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