Lifestyle Asset Management Inc. Raises Holdings in McDonald’s Co. (NYSE:MCD)

Lifestyle Asset Management Inc. increased its position in McDonald’s Co. (NYSE:MCD) by 7.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 790 shares of the fast-food giant’s stock after acquiring an additional 54 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in McDonald’s were worth $229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s in the 3rd quarter valued at approximately $31,000. Hara Capital LLC purchased a new position in McDonald’s in the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. bought a new stake in McDonald’s during the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of McDonald’s during the third quarter worth $72,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

MCD opened at $284.49 on Friday. The stock’s 50 day simple moving average is $291.49 and its 200 day simple moving average is $287.90. The firm has a market cap of $203.87 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 3.66 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 issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the business earned $3.19 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.

Insider Buying and Selling at McDonald’s

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

Analysts Set New Price Targets

MCD has been the topic of a number of analyst reports. Barclays boosted their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Bank of America raised their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Truist Financial cut their price target 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 analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $321.22.

McDonald’s Company 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.