L.M. Kohn & Company Has $688,000 Stock Position in McDonald’s Corporation $MCD

L.M. Kohn & Company decreased its position in McDonald’s Corporation (NYSE:MCD) by 54.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,263 shares of the fast-food giant’s stock after selling 2,733 shares during the quarter. L.M. Kohn & Company’s holdings in McDonald’s were worth $688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Vanguard Group Inc. increased its stake in shares of McDonald’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock valued at $20,840,787,000 after buying an additional 921,936 shares during the period. State Street Corp grew its stake in shares of McDonald’s by 0.8% during the second quarter. State Street Corp now owns 34,828,352 shares of the fast-food giant’s stock worth $10,175,800,000 after purchasing an additional 272,139 shares during the period. Geode Capital Management LLC grew its position in shares of McDonald’s by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 16,828,420 shares of the fast-food giant’s stock worth $4,901,595,000 after buying an additional 276,065 shares during the period. Norges Bank acquired a new position in McDonald’s during the second quarter valued at approximately $2,780,712,000. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of McDonald’s by 29,382.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock valued at $1,676,339,000 after buying an additional 5,718,087 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,486 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total transaction of $795,520.00. Following the completion of the sale, the executive vice president directly owned 6,268 shares in the company, valued at $2,005,760. This represents a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 45,142 shares of company stock valued at $13,841,169. 0.25% of the stock is owned by insiders.

McDonald’s Stock Down 0.2%

MCD stock opened at $314.86 on Friday. McDonald’s Corporation has a 52 week low of $283.47 and a 52 week high of $326.32. The business has a 50-day simple moving average of $309.76 and a 200 day simple moving average of $306.41. The company has a market cap of $224.23 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.19 and a beta of 0.53.

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

Analysts Set New Price Targets

Several analysts have issued reports on MCD shares. Truist Financial lifted their price target on McDonald’s from $350.00 to $356.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Barclays boosted their price objective on shares of McDonald’s from $358.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday. Finally, Mizuho upgraded shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Hold” and an average target price of $328.88.

McDonald’s 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.