UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in McDonald's Co. (NYSE:MCD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in McDonald's Co. (NYSE:MCD - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,019,019 shares of the fast-food giant's stock after buying an additional 504,085 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.70% of McDonald's worth $1,454,963,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Atala Financial Inc acquired a new position in McDonald's in the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new position in shares of McDonald's in the fourth quarter worth $29,000. Fairway Wealth LLC boosted its stake in shares of McDonald's by 110.0% during the 4th 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. acquired a new position in McDonald's in the 4th quarter valued at $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MCD shares. KeyCorp raised their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Truist Financial set a $350.00 target price on shares of McDonald's in a research note on Friday, May 2nd. Piper Sandler lifted their target price on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. TD Securities reiterated a "hold" rating and issued a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. Finally, Wedbush raised their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Eleven 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 stock. According to MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and an average price target of $325.91.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the sale, the insider now owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. The trade was a 15.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,636 shares of company stock worth $5,420,722. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of MCD opened at $321.23 on Tuesday. The stock has a market capitalization of $229.69 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The business's fifty day moving average price is $310.48 and its 200 day moving average price is $300.94. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

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 for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.70 EPS. As a group, research analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.