Leigh Baldwin & CO. LLC Makes New $137.40 Million Investment in McDonald's Co. (NYSE:MCD)

Leigh Baldwin & CO. LLC purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 473,969 shares of the fast-food giant's stock, valued at approximately $137,399,000. Leigh Baldwin & CO. LLC owned approximately 0.07% of McDonald's as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Czech National Bank lifted its position in shares of McDonald's by 6.3% during the 4th quarter. Czech National Bank now owns 155,388 shares of the fast-food giant's stock valued at $45,045,000 after acquiring an additional 9,258 shares during the period. Aprio Wealth Management LLC raised its holdings in McDonald's by 15.0% during the fourth quarter. Aprio Wealth Management LLC now owns 2,023 shares of the fast-food giant's stock worth $587,000 after purchasing an additional 264 shares during the last quarter. Matrix Trust Co boosted its position in McDonald's by 25.2% during the fourth quarter. Matrix Trust Co now owns 7,485 shares of the fast-food giant's stock worth $2,170,000 after purchasing an additional 1,507 shares in the last quarter. Fiduciary Alliance LLC increased its position in shares of McDonald's by 72.4% in the fourth quarter. Fiduciary Alliance LLC now owns 7,549 shares of the fast-food giant's stock valued at $2,188,000 after buying an additional 3,171 shares in the last quarter. Finally, Trust Co. of Toledo NA OH lifted its holdings in shares of McDonald's by 1.8% in the fourth quarter. Trust Co. of Toledo NA OH now owns 37,039 shares of the fast-food giant's stock valued at $10,737,000 after purchasing an additional 644 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MCD shares. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. 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. Wedbush boosted their price target on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Truist Financial set a $350.00 price target on McDonald's in a research note on Friday, May 2nd. 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $325.91.

McDonald's Stock Down 0.5%

Shares of MCD stock traded down $1.45 during mid-day trading on Wednesday, reaching $307.24. The company's stock had a trading volume of 2,656,449 shares, compared to its average volume of 3,553,611. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market capitalization of $219.70 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The company's 50 day simple moving average is $309.86 and its 200-day simple moving average is $300.36.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results 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 business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 earnings per share. As a group, research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the sale, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. This trade represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business's stock in a transaction dated 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 transaction, the chief marketing officer now owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51% decrease in their position. 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 owned by corporate insiders.

About McDonald's

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.