Crossmark Global Holdings Inc. Grows Stock Holdings in McDonald’s Corporation $MCD

Crossmark Global Holdings Inc. increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 107,472 shares of the fast-food giant’s stock after acquiring an additional 2,814 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in McDonald’s were worth $32,847,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MCD. Evergreen Private Wealth LLC raised its holdings in McDonald’s by 162.5% during the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after purchasing an additional 52 shares in the last quarter. Your Advocates Ltd. LLP purchased a new position in shares of McDonald’s in the 4th quarter valued at $27,000. Park Place Capital Corp grew its position in shares of McDonald’s by 95.7% in the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after buying an additional 45 shares during the last quarter. DecisionPoint Financial LLC raised its stake in McDonald’s by 1,616.7% during the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after acquiring an additional 97 shares in the last quarter. Finally, Painted Porch Advisors LLC lifted its position in McDonald’s by 735.7% in the third quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock valued at $36,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $275.62 on Friday. The company has a market capitalization of $195.92 billion, a P/E ratio of 22.72, a PEG ratio of 2.63 and a beta of 0.43. McDonald’s Corporation has a 1 year low of $274.83 and a 1 year high of $341.75. The company’s fifty day moving average is $311.40 and its two-hundred day moving average is $311.40.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 395.08%. The business had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the company earned $2.67 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Corporation will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on MCD shares. Jefferies Financial Group upped their price objective on shares of McDonald’s from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Guggenheim cut their target price on McDonald’s from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Rothschild & Co Redburn raised McDonald’s from a “sell” rating to a “neutral” rating and boosted their target price for the company from $260.00 to $306.00 in a report on Thursday, April 23rd. UBS Group raised their price target on McDonald’s from $350.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Piper Sandler lifted their price target on McDonald’s from $323.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Seventeen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $335.14.

McDonald’s News Roundup

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s beat Q1 earnings and revenue estimates, with EPS of $2.83 and revenue of $6.52 billion, helping reassure investors that the brand is still executing well in a tougher consumer environment. Article Title
• Positive Sentiment: Global comparable sales rose 3.8%, supported by value meals, loyalty spending, and new menu items such as the Big Arch burger and specialty drinks, showing McDonald’s value push is driving traffic and sales growth. Article Title
• Positive Sentiment: Several analysts kept bullish ratings even as they trimmed price targets, reflecting confidence that McDonald’s can keep gaining share and recover if consumer demand stabilizes. Article Title

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 2,626 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $325.25, for a total transaction of $854,106.50. Following the completion of the sale, the insider directly owned 5,398 shares of the company’s stock, valued at $1,755,699.50. This represents a 32.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 26,277 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $331.35, for a total value of $8,706,883.95. Following the sale, the chief executive officer directly owned 22,900 shares of the company’s stock, valued at $7,587,915. The trade was a 53.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 71,990 shares of company stock worth $23,824,113. Insiders own 0.26% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.