Axa S.A. Cuts Stock Holdings in McDonald's Co. (NYSE:MCD)

AXA S.A. cut its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 50.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,519 shares of the fast-food giant's stock after selling 69,181 shares during the quarter. AXA S.A.'s holdings in McDonald's were worth $19,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Atala Financial Inc bought a new stake in McDonald's during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's during the fourth quarter valued at about $27,000. Collier Financial purchased a new stake in shares of McDonald's during the fourth quarter worth about $29,000. Fairway Wealth LLC grew its stake in shares of McDonald's by 110.0% in the fourth 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. purchased a new position in McDonald's during the 4th quarter valued at about $30,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MCD shares. Morgan Stanley cut their price objective on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Wedbush raised their target price on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Truist Financial set a $350.00 price target on shares of McDonald's in a research report on Friday, May 2nd. Finally, Bank of America raised their price objective on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Trading Down 1.4 %

NYSE MCD traded down $4.52 on Thursday, hitting $313.61. 2,128,543 shares of the company's stock traded hands, compared to its average volume of 3,567,116. The firm's 50-day moving average price is $309.74 and its two-hundred day moving average price is $300.13. The firm has a market capitalization of $224.26 billion, a PE ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the business earned $2.70 earnings per share. The company's revenue was down 3.5% compared to the same quarter last year. On average, research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock valued at $8,676,247 in the last three months. 0.25% of the stock is currently owned by corporate 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.