Cladis Investment Advisory LLC Buys 273 Shares of McDonald’s Co. (NYSE:MCD)

Cladis Investment Advisory LLC raised its position in McDonald’s Co. (NYSE:MCD) by 13.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,263 shares of the fast-food giant’s stock after acquiring an additional 273 shares during the period. Cladis Investment Advisory LLC’s holdings in McDonald’s were worth $656,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Pettee Investors Inc. grew its stake in McDonald’s by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after buying an additional 35 shares in the last quarter. Covestor Ltd grew its position in McDonald’s by 4.1% in the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant’s stock worth $261,000 after acquiring an additional 35 shares in the last quarter. Independent Wealth Network Inc. increased its stake in McDonald’s by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock valued at $213,000 after acquiring an additional 36 shares during the last quarter. Blue Barn Wealth LLC raised its position in McDonald’s by 4.3% during the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock valued at $252,000 after purchasing an additional 36 shares in the last quarter. Finally, Diligent Investors LLC boosted its holdings in shares of McDonald’s by 0.8% in the 4th quarter. Diligent Investors LLC now owns 4,746 shares of the fast-food giant’s stock worth $1,376,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,136 shares of company stock valued at $8,676,247. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent research reports. Truist Financial set a $350.00 target price on McDonald’s in a research note on Friday, May 2nd. Robert W. Baird lifted their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Piper Sandler lifted their price objective on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, Bank of America raised their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $325.91.

McDonald’s Stock Performance

MCD stock opened at $318.13 on Thursday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a fifty day moving average price of $309.74 and a 200 day moving average price of $300.13. The firm has a market cap of $227.49 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.70 earnings per share. On average, equities analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.