Lighthouse Investment Partners LLC bought a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 80,900 shares of the fast-food giant's stock, valued at approximately $23,452,000. McDonald's accounts for 0.8% of Lighthouse Investment Partners LLC's holdings, making the stock its 20th biggest holding.
Other institutional investors have also recently made changes to their positions in the company. Atala Financial Inc acquired a new position in McDonald's in the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald's in the 4th quarter valued at about $27,000. Collier Financial bought a new position in shares of McDonald's during the 4th quarter worth approximately $29,000. Fairway Wealth LLC boosted its stake in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's in the 4th quarter valued at about $30,000. Institutional investors own 70.29% of the company's stock.
McDonald's Trading Down 0.5%
Shares of NYSE:MCD traded down $1.45 during midday trading on Wednesday, reaching $307.24. The company had a trading volume of 2,656,449 shares, compared to its average volume of 3,553,611. The stock has a market cap of $219.70 billion, a P/E ratio of 26.97, a P/E/G ratio of 3.10 and a beta of 0.57. The company's 50 day moving average price is $309.86 and its 200 day moving average price is $300.36. McDonald's Co. has a 52-week low of $243.53 and a 52-week 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 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 earnings per share. The company's revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.
Insider Transactions at McDonald's
In related news, 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 sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. The trade was a 24.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the 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 transaction, the insider now owns 13,978 shares of the company's stock, valued at $4,263,290. This represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,636 shares of company stock worth $5,420,722 in the last quarter. Insiders own 0.25% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on MCD. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Truist Financial set a $350.00 price objective on shares of McDonald's in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Eleven research 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 company. According to data from MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average target price of $325.91.
Check Out Our Latest Research Report on MCD
About McDonald's
(
Free Report)
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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