ABN AMRO Bank N.V. Grows Position in McDonald's Corporation $MCD

Key Points

• ABN AMRO Bank N.V. increased its McDonald’s stake by 27.2% in the fourth quarter, buying 11,460 additional shares and bringing its total position to 53,627 shares worth about $16.37 million.
• McDonald’s reported strong first-quarter results, with EPS of $2.83 and revenue of $6.52 billion, both topping analyst estimates and rising 9.4% from a year earlier.
• Despite some analysts trimming price targets, overall Wall Street sentiment remains Moderate Buy, and institutional ownership of the stock is high at 70.29%.

ABN AMRO Bank N.V. boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 27.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,627 shares of the fast-food giant's stock after buying an additional 11,460 shares during the quarter. ABN AMRO Bank N.V.'s holdings in McDonald's were worth $16,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Evergreen Private Wealth LLC grew its stake in McDonald's by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant's stock valued at $26,000 after purchasing an additional 52 shares during the period. Your Advocates Ltd. LLP bought a new position in McDonald's in the 4th quarter valued at $27,000. Park Place Capital Corp grew its stake in 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 purchasing an additional 45 shares during the period. DecisionPoint Financial LLC grew its stake in McDonald's by 1,616.7% in the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant's stock valued at $31,000 after purchasing an additional 97 shares during the period. Finally, Painted Porch Advisors LLC grew its stake in McDonald's by 735.7% in the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant's stock valued at $36,000 after purchasing an additional 103 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's News Summary

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

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent analyst reports. BTIG Research restated a "buy" rating and issued a $370.00 price objective on shares of McDonald's in a research note on Thursday. Sanford C. Bernstein restated a "market perform" rating and issued a $340.00 price objective on shares of McDonald's in a research note on Thursday, February 12th. Barclays decreased their price objective on McDonald's from $380.00 to $350.00 and set an "overweight" rating for the company in a report on Friday. Robert W. Baird set a $305.00 price objective on McDonald's in a report on Thursday. Finally, Tigress Financial lifted their price objective on McDonald's from $360.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, March 6th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and a consensus price target of $335.14.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 333 shares of McDonald's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $302.72, for a total transaction of $100,805.76. Following the completion of the sale, the insider directly owned 8,067 shares in the company, valued at $2,442,042.24. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 4,692 shares of McDonald's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $331.00, for a total transaction of $1,553,052.00. Following the sale, the chief marketing officer owned 6,200 shares of the company's stock, valued at approximately $2,052,200. The trade was a 43.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 71,990 shares of company stock valued at $23,824,113. Company insiders own 0.26% of the company's stock.

McDonald's Trading Down 0.0%

Shares of MCD opened at $275.62 on Monday. McDonald's Corporation has a 12-month low of $274.83 and a 12-month high of $341.75. The company has a market cap of $195.83 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.58 and a beta of 0.43. The stock has a 50-day moving average price of $311.40 and a 200-day moving average price of $311.40.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald's had a net margin of 31.62% and a negative return on equity of 442.10%. The company had revenue of $6.52 billion for the quarter, compared to analysts' expectations of $6.47 billion. During the same period in the prior year, the business earned $2.67 earnings per share. McDonald's's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts predict that McDonald's Corporation will post 13.04 earnings per share for the current year.

McDonald's 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.

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