AA Financial Advisors LLC Has $799,000 Holdings in McDonald’s Co. (NYSE:MCD)

AA Financial Advisors LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 14.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,758 shares of the fast-food giant’s stock after acquiring an additional 358 shares during the period. AA Financial Advisors LLC’s holdings in McDonald’s were worth $799,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have commented on MCD. Bank of America upped their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial lowered their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, KeyCorp cut their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Price Performance

NYSE:MCD opened at $290.19 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The business has a fifty day simple moving average of $291.11 and a two-hundred day simple moving average of $289.24. The company has a market capitalization of $207.96 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate 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 company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the company earned $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts anticipate that McDonald’s Co. will post 11.68 earnings per share for the current year.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 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.