Nikulski Financial Inc. Sells 350 Shares of McDonald’s Co. (NYSE:MCD)

Nikulski Financial Inc. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,951 shares of the fast-food giant’s stock after selling 350 shares during the quarter. Nikulski Financial Inc.’s holdings in McDonald’s were worth $3,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fred Alger Management LLC lifted its holdings in shares of McDonald’s by 5.9% during the second quarter. Fred Alger Management LLC now owns 17,555 shares of the fast-food giant’s stock worth $4,474,000 after purchasing an additional 985 shares during the period. MBB Public Markets I LLC raised its position in McDonald’s by 2,268.8% during the 2nd quarter. MBB Public Markets I LLC now owns 51,284 shares of the fast-food giant’s stock worth $13,069,000 after purchasing an additional 49,119 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of McDonald’s by 12.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 886,343 shares of the fast-food giant’s stock valued at $225,876,000 after buying an additional 96,450 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of McDonald’s in the second quarter valued at about $10,448,000. Finally, Legal & General Group Plc raised its position in shares of McDonald’s by 3.2% during the second quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock worth $1,567,030,000 after acquiring an additional 188,888 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.3 %

Shares of NYSE:MCD opened at $285.37 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock’s 50-day moving average price is $291.07 and its 200-day moving average price is $288.14. The stock has a market capitalization of $204.50 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

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. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $3.19 earnings per share. As a group, research analysts predict that McDonald’s Co. will post 11.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MCD. Wells Fargo & Company upped their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Truist Financial decreased their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Evercore ISI boosted their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. Finally, TD Cowen reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is currently owned by corporate insiders.

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.