Snowden Capital Advisors LLC Has $11.40 Million Holdings in McDonald’s Co. (NYSE:MCD)

Snowden Capital Advisors LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,329 shares of the fast-food giant’s stock after selling 89 shares during the quarter. Snowden Capital Advisors LLC’s holdings in McDonald’s were worth $11,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mattern Capital Management LLC raised its position in McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank raised its holdings in shares of McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after buying an additional 371 shares in the last quarter. YANKCOM Partnership bought a new position in shares of McDonald’s during the 4th quarter worth approximately $1,628,000. Integral Investment Advisors Inc. boosted its stake in McDonald’s by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after buying an additional 164 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in McDonald’s by 3.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 178,049 shares of the fast-food giant’s stock valued at $51,615,000 after buying an additional 6,083 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $345.00 price objective (up from $340.00) on shares of McDonald’s in a report on Monday, May 5th. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Truist Financial set a $350.00 price objective on shares of McDonald’s in a research note on Friday, May 2nd. Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. Finally, Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Eleven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $325.91.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 17,636 shares of company stock worth $5,420,722 in the last quarter. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 2.1%

Shares of NYSE MCD opened at $314.04 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock’s 50-day moving average is $309.80 and its 200 day moving average is $300.47. The stock has a market cap of $224.56 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 3.10 and a beta of 0.57.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald’s’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $2.70 earnings per share. On average, analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal 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.