McDonald’s Co. (NYSE:MCD) Shares Acquired by Level Four Advisory Services LLC

Posted by Defense World Staff on Sep 22nd, 2023

Level Four Advisory Services LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 10.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,665 shares of the fast-food giant’s stock after buying an additional 1,730 shares during the quarter. Level Four Advisory Services LLC’s holdings in McDonald’s were worth $5,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Osterweis Capital Management Inc. acquired a new position in McDonald’s in the 4th quarter valued at about $25,000. Aspire Private Capital LLC acquired a new position in McDonald’s in the 1st quarter valued at about $26,562,950,000. Grey Fox Wealth Advisors LLC raised its stake in McDonald’s by 102.0% in the 1st quarter. Grey Fox Wealth Advisors LLC now owns 101 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 51 shares during the last quarter. Ridgewood Investments LLC acquired a new position in McDonald’s in the 1st quarter valued at about $32,000. Finally, Retirement Group LLC acquired a new position in McDonald’s in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. BTIG Research lifted their price target on McDonald’s from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, July 21st. Truist Financial lowered their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com assumed coverage on McDonald’s in a report on Thursday, August 17th. They issued a “buy” rating for the company. Royal Bank of Canada lifted their price target on McDonald’s from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Tigress Financial lifted their price target on McDonald’s from $330.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Five analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.63.

Check Out Our Latest Stock Report on MCD

McDonald’s Stock Down 2.2 %

Shares of MCD opened at $271.22 on Friday. The business’s 50 day moving average is $286.23 and its two-hundred day moving average is $286.29. McDonald’s Co. has a 52-week low of $230.58 and a 52-week high of $299.35. The firm has a market cap of $197.65 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.70 and a beta of 0.64.

McDonald’s (NYSE:MCD – Get Free Report) last announced its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.40. McDonald’s had a negative return on equity of 139.57% and a net margin of 33.06%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period in the prior year, the company posted $2.55 EPS. McDonald’s’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts expect that McDonald’s Co. will post 11.52 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 1st were given a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Thursday, August 31st. McDonald’s’s dividend payout ratio is currently 55.93%.

Insider Activity at McDonald’s

In related news, EVP Marion K. Gross sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $289.52, for a total transaction of $868,560.00. Following the sale, the executive vice president now directly owns 1,605 shares of the company’s stock, valued at approximately $464,679.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Christopher J. Kempczinski sold 5,606 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $280.00, for a total transaction of $1,569,680.00. Following the sale, the chief executive officer now directly owns 29,031 shares of the company’s stock, valued at approximately $8,128,680. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $289.52, for a total value of $868,560.00. Following the sale, the executive vice president now directly owns 1,605 shares in the company, valued at $464,679.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,268 shares of company stock valued at $5,519,594. Corporate insiders own 0.27% of the company’s stock.

About McDonald’s

(Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.