GoalVest Advisory LLC Has $1.53 Million Stake in McDonald’s Co. (NYSE:MCD)

GoalVest Advisory LLC grew its position in McDonald’s Co. (NYSE:MCD) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,285 shares of the fast-food giant’s stock after acquiring an additional 70 shares during the period. GoalVest Advisory LLC’s holdings in McDonald’s were worth $1,532,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Phillips Wealth Planners LLC grew its position in shares of McDonald’s by 5.3% during the 4th quarter. Phillips Wealth Planners LLC now owns 3,526 shares of the fast-food giant’s stock worth $995,000 after buying an additional 179 shares during the period. Kelleher Financial Advisors boosted its position in shares of McDonald’s by 1.5% during the fourth quarter. Kelleher Financial Advisors now owns 3,243 shares of the fast-food giant’s stock worth $940,000 after purchasing an additional 47 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of McDonald’s by 61.5% in the 4th quarter. Westside Investment Management Inc. now owns 998 shares of the fast-food giant’s stock valued at $289,000 after buying an additional 380 shares during the period. Cetera Trust Company N.A increased its position in shares of McDonald’s by 0.8% in the 4th quarter. Cetera Trust Company N.A now owns 8,359 shares of the fast-food giant’s stock valued at $2,423,000 after buying an additional 65 shares in the last quarter. Finally, Magnus Financial Group LLC raised its stake in McDonald’s by 7.6% during the 4th quarter. Magnus Financial Group LLC now owns 5,353 shares of the fast-food giant’s stock worth $1,552,000 after buying an additional 377 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $281.30 on Thursday. The firm’s 50-day moving average is $291.81 and its two-hundred day moving average is $287.95. The firm has a market capitalization of $201.58 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 3.68 and a beta of 0.73. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business earned $3.19 EPS. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on MCD. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. TD Cowen reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Evercore ISI lifted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Truist Financial dropped 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. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.22.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,605 shares of company stock valued at $2,508,102. 0.23% of the stock is owned by company insiders.

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.