McDonald's Co. (NYSE:MCD) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC grew its position in McDonald's Co. (NYSE:MCD - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,595,245 shares of the fast-food giant's stock after buying an additional 226,752 shares during the period. Nuveen Asset Management LLC owned 0.64% of McDonald's worth $1,332,116,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Mattern Capital Management LLC boosted its position in shares of McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after purchasing an additional 579 shares during the period. Bell Bank boosted its position in shares of McDonald's by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after purchasing an additional 371 shares during the period. YANKCOM Partnership purchased a new position in shares of McDonald's during the 4th quarter worth approximately $1,628,000. Integral Investment Advisors Inc. boosted its position in shares of McDonald's by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after purchasing an additional 164 shares during the period. Finally, PFW Advisors LLC purchased a new position in shares of McDonald's during the 4th quarter worth approximately $2,471,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Citigroup increased their target price on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, Truist Financial set a $350.00 target price on shares of McDonald's in a report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and a consensus price target of $325.91.

Insider Buying and Selling at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction dated 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 owns 5,564 shares of the company's stock, valued at $1,720,778.28. The trade was a 15.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business'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 sale, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. This represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,636 shares of company stock worth $5,420,722. 0.25% of the stock is owned by company insiders.

McDonald's Trading Up 1.3%

NYSE:MCD traded up $4.03 during midday trading on Friday, hitting $318.51. 2,636,802 shares of the company were exchanged, compared to its average volume of 3,554,586. The company has a fifty day simple moving average of $310.04 and a 200 day simple moving average of $300.64. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a market capitalization of $227.76 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

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

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.