Bridgeway Capital Management LLC Boosts Stock Holdings in McDonald's Co. (NYSE:MCD)

Bridgeway Capital Management LLC grew its position in McDonald's Co. (NYSE:MCD - Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,460 shares of the fast-food giant's stock after buying an additional 1,688 shares during the quarter. Bridgeway Capital Management LLC's holdings in McDonald's were worth $18,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Mattern Capital Management LLC lifted its holdings in McDonald's by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after buying an additional 579 shares during the period. Bell Bank boosted its holdings in shares of McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after buying an additional 371 shares in the last quarter. YANKCOM Partnership bought a new position in shares of McDonald's during the 4th quarter worth approximately $1,628,000. Integral Investment Advisors Inc. lifted its position in McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after acquiring an additional 164 shares during the last quarter. Finally, PFW Advisors LLC acquired a new stake in shares of McDonald's in the 4th quarter worth $2,471,000. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. The trade was a 7.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock worth $8,676,247 over the last quarter. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MCD shares. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Morgan Stanley lowered their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Truist Financial set a $350.00 target price on McDonald's in a research note on Friday, May 2nd. Wedbush raised their price objective on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and an average price target of $325.91.

McDonald's Price Performance

MCD traded down $4.52 on Thursday, reaching $313.61. 2,128,543 shares of the company's stock were exchanged, compared to its average volume of 3,567,116. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market cap of $224.26 billion, a PE ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.57. The stock's fifty day moving average price is $309.93 and its 200-day moving average price is $300.12.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.70 earnings per share. As a group, research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

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.