Vident Advisory LLC Increases Stock Holdings in McDonald's Co. (NYSE:MCD)

Vident Advisory LLC lifted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,603 shares of the fast-food giant's stock after buying an additional 1,245 shares during the quarter. Vident Advisory LLC's holdings in McDonald's were worth $10,902,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Atala Financial Inc purchased a new stake in shares of McDonald's during the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald's during the 4th quarter valued at approximately $27,000. Collier Financial acquired a new stake in McDonald's during the 4th quarter valued at approximately $29,000. Fairway Wealth LLC grew its stake in McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in McDonald's during the 4th quarter valued at approximately $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald's

In other news, EVP Manuel Jm Steijaert sold 10,459 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $308.71, for a total value of $3,228,797.89. Following the sale, the executive vice president now owns 4,606 shares of the company's stock, valued at approximately $1,421,918.26. The trade was a 69.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was 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 in the company, valued at $2,964,892.08. This represents a 24.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,636 shares of company stock valued at $5,420,722 in the last quarter. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of McDonald's stock opened at $321.23 on Tuesday. 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 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 announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.70 EPS. On average, research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MCD shares. Wedbush raised their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Morgan Stanley lowered their price objective on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Robert W. Baird boosted their price target on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Eleven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $325.91.

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.

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