Stuart Chaussee & Associates Inc. Has $173,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Stuart Chaussee & Associates Inc. reduced its position in McDonald’s Co. (NYSE:MCD) by 23.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 597 shares of the fast-food giant’s stock after selling 180 shares during the period. Stuart Chaussee & Associates Inc.’s holdings in McDonald’s were worth $173,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Atala Financial Inc bought a new position in shares of McDonald’s in the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the 4th quarter worth $27,000. Collier Financial bought a new position in shares of McDonald’s in the 4th quarter worth $29,000. Fairway Wealth LLC boosted its position in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in McDonald’s during the fourth quarter worth about $30,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

NYSE:MCD opened at $318.51 on Friday. The stock’s 50-day simple moving average is $310.04 and its 200 day simple moving average is $300.70. The company has a market cap of $227.76 billion, a P/E ratio of 27.96, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $2.70 earnings per share. As a group, equities analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley reduced their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Piper Sandler lifted their target price on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Truist Financial set a $350.00 target price on McDonald’s in a report on Friday, May 2nd. KeyCorp lifted their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lifted their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Eleven research 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $325.91.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the sale, the insider now owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business’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 completion of the sale, the chief marketing officer now owns 9,858 shares of the company’s stock, 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 valued at $5,420,722 over the last 90 days. 0.25% of the stock is currently owned by insiders.

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.