Clear Harbor Asset Management LLC Purchases 284 Shares of McDonald’s Co. (NYSE:MCD)

Clear Harbor Asset Management LLC increased its position in McDonald’s Co. (NYSE:MCD) by 21.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,589 shares of the fast-food giant’s stock after buying an additional 284 shares during the period. Clear Harbor Asset Management LLC’s holdings in McDonald’s were worth $461,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s in the 3rd quarter worth approximately $31,000. Hara Capital LLC purchased a new stake in McDonald’s during the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s during the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s in the third quarter worth $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Truist Financial reduced their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. BMO Capital Markets raised their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Finally, UBS Group raised their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $321.22.

McDonald’s Stock Up 0.7 %

MCD opened at $282.85 on Wednesday. The business has a fifty day moving average of $292.12 and a 200 day moving average of $287.72. The stock has a market cap of $202.69 billion, a P/E ratio of 24.83, a PEG ratio of 3.65 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Equities analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,605 shares of company stock worth $2,508,102 in the last three months. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.