Joel Isaacson & Co. LLC Grows Stock Holdings in McDonald’s Corporation $MCD

Joel Isaacson & Co. LLC increased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 42.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,391 shares of the fast-food giant’s stock after purchasing an additional 3,966 shares during the period. Joel Isaacson & Co. LLC’s holdings in McDonald’s were worth $4,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Federated Hermes Inc. lifted its holdings in McDonald’s by 84.1% during the 2nd quarter. Federated Hermes Inc. now owns 141,775 shares of the fast-food giant’s stock worth $41,422,000 after buying an additional 64,757 shares in the last quarter. Welch Group LLC grew its stake in shares of McDonald’s by 1.1% in the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after acquiring an additional 2,180 shares in the last quarter. Global X Japan Co. Ltd. increased its position in shares of McDonald’s by 236.7% during the third quarter. Global X Japan Co. Ltd. now owns 6,502 shares of the fast-food giant’s stock worth $1,976,000 after acquiring an additional 4,571 shares during the period. D.A. Davidson & CO. boosted its holdings in McDonald’s by 2.7% in the third quarter. D.A. Davidson & CO. now owns 143,492 shares of the fast-food giant’s stock valued at $43,606,000 after purchasing an additional 3,774 shares during the period. Finally, Choreo LLC boosted its holdings in McDonald’s by 1.7% in the second quarter. Choreo LLC now owns 58,515 shares of the fast-food giant’s stock valued at $17,096,000 after purchasing an additional 954 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Down 1.5%

Shares of McDonald’s stock opened at $302.81 on Wednesday. The company has a fifty day simple moving average of $308.86 and a 200-day simple moving average of $305.72. The stock has a market cap of $215.65 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 3.05 and a beta of 0.53. McDonald’s Corporation has a 12-month low of $278.73 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. McDonald’s’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $3.23 earnings per share. On average, analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the transaction, the insider owned 6,088 shares of the company’s stock, valued at $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total value of $795,520.00. Following the completion of the sale, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. This represents a 28.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 45,142 shares of company stock worth $13,841,169. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on MCD shares. Cowen restated a “hold” rating on shares of McDonald’s in a report on Thursday, January 8th. Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research note on Tuesday, October 28th. Barclays increased their price objective on shares of McDonald’s from $358.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Finally, Sanford C. Bernstein restated an “overweight” rating and issued a $372.00 price objective on shares of McDonald’s in a report on Wednesday, January 7th. Thirteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $328.88.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.