McDonald's Co. (NYSE:MCD) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lessened its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,480 shares of the fast-food giant's stock after selling 3,418 shares during the quarter. USS Investment Management Ltd's holdings in McDonald's were worth $46,235,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MCD. Waverly Advisors LLC boosted its holdings in shares of McDonald's by 69.4% during the fourth quarter. Waverly Advisors LLC now owns 46,271 shares of the fast-food giant's stock worth $13,413,000 after purchasing an additional 18,958 shares during the last quarter. Wellington Wealth Strategies LLC. acquired a new stake in shares of McDonald's during the fourth quarter worth $396,000. Williams Jones Wealth Management LLC. boosted its holdings in shares of McDonald's by 1.3% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 11,546 shares of the fast-food giant's stock worth $3,347,000 after purchasing an additional 146 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of McDonald's by 3.4% during the fourth quarter. Vident Advisory LLC now owns 37,603 shares of the fast-food giant's stock worth $10,902,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Spurstone Advisory Services LLC acquired a new position in McDonald's in the fourth quarter valued at $145,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at approximately $2,964,892.08. This represents a 24.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the sale, the executive vice president now directly owns 4,606 shares of the company's stock, valued at $1,421,918.26. The trade was a 69.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,636 shares of company stock valued at $5,420,722 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

McDonald's Price Performance

Shares of McDonald's stock opened at $321.23 on Tuesday. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The business's fifty day moving average price is $310.48 and its two-hundred day moving average price is $300.94. The company has a market capitalization of $229.69 billion, a P/E ratio of 28.20, a PEG ratio of 3.10 and a beta of 0.57.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial set a $350.00 target price on McDonald's in a report on Friday, May 2nd. Piper Sandler lifted their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Barclays lifted their target price on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Robert W. Baird boosted their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, TD Securities restated a "hold" rating and set a $300.00 price objective on shares of McDonald's in a research note on Monday, February 10th. Eleven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Company 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.

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