Mach 1 Financial Group LLC Makes New $118,000 Investment in McDonald’s Co. (NYSE:MCD)

Mach 1 Financial Group LLC acquired a new position in McDonald’s Co. (NYSE:MCD – Get Rating) during the third quarter, Holdings Channel.com reports. The firm acquired 513 shares of the fast-food giant’s stock, valued at approximately $118,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. PrairieView Partners LLC lifted its holdings in McDonald’s by 18.5% in the 3rd quarter. PrairieView Partners LLC now owns 237 shares of the fast-food giant’s stock worth $55,000 after buying an additional 37 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in McDonald’s by 9.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 454 shares of the fast-food giant’s stock worth $112,000 after buying an additional 39 shares in the last quarter. Grimes & Company Inc. increased its position in shares of McDonald’s by 0.3% in the 3rd quarter. Grimes & Company Inc. now owns 12,136 shares of the fast-food giant’s stock worth $2,800,000 after purchasing an additional 39 shares during the last quarter. Cribstone Capital Management LLC increased its position in shares of McDonald’s by 13.4% in the 2nd quarter. Cribstone Capital Management LLC now owns 347 shares of the fast-food giant’s stock worth $86,000 after purchasing an additional 41 shares during the last quarter. Finally, FirstPurpose Wealth LLC increased its position in shares of McDonald’s by 4.5% in the 3rd quarter. FirstPurpose Wealth LLC now owns 954 shares of the fast-food giant’s stock worth $220,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 66.86% of the company’s stock.

McDonald’s Stock Down 1.0 %

McDonald’s stock traded down $2.79 during mid-day trading on Thursday, reaching $263.48. The company had a trading volume of 1,829,486 shares, compared to its average volume of 2,706,713. McDonald’s Co. has a 52 week low of $217.68 and a 52 week high of $281.67. The company has a 50 day moving average of $269.35 and a 200-day moving average of $261.64. The firm has a market cap of $192.98 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.15 and a beta of 0.64.

McDonald’s (NYSE:MCD – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The fast-food giant reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. McDonald’s had a negative return on equity of 120.10% and a net margin of 26.65%. The company had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the company posted $2.23 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. On average, analysts predict that McDonald’s Co. will post 10.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays boosted their target price on shares of McDonald’s from $295.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, January 5th. Piper Sandler boosted their target price on shares of McDonald’s to $280.00 in a research report on Tuesday, November 1st. Wedbush boosted their price objective on shares of McDonald’s from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 27th. JPMorgan Chase & Co. boosted their price objective on shares of McDonald’s from $250.00 to $262.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Finally, Robert W. Baird boosted their price objective on shares of McDonald’s from $285.00 to $288.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $288.85.

McDonald’s Company Profile

(Get Rating)

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, Russia, Spain, and the U.K.