Deutsche Bank AG Grows Stake in McDonald's Co. (NYSE:MCD)

Deutsche Bank AG lifted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,599,590 shares of the fast-food giant's stock after buying an additional 122,935 shares during the quarter. Deutsche Bank AG owned about 0.36% of McDonald's worth $753,595,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pettee Investors Inc. grew its holdings in McDonald's by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after buying an additional 35 shares in the last quarter. Covestor Ltd lifted its holdings in McDonald's by 4.1% in the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after acquiring an additional 35 shares during the last quarter. Independent Wealth Network Inc. grew its position in McDonald's by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock worth $213,000 after buying an additional 36 shares during the last quarter. Blue Barn Wealth LLC grew its holdings in shares of McDonald's by 4.3% in the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock worth $252,000 after acquiring an additional 36 shares during the last quarter. Finally, Diligent Investors LLC raised its holdings in McDonald's by 0.8% during the 4th quarter. Diligent Investors LLC now owns 4,746 shares of the fast-food giant's stock worth $1,376,000 after buying an additional 36 shares during the period. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MCD. Piper Sandler raised their price objective on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. KeyCorp boosted their price objective on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. TD Securities restated a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Finally, Robert W. Baird raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Eleven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Price Performance

Shares of NYSE MCD traded up $0.26 during trading on Friday, reaching $313.75. 1,917,256 shares of the stock traded hands, compared to its average volume of 3,556,520. The company has a 50-day moving average of $310.10 and a 200-day moving average of $300.12. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock has a market capitalization of $224.35 billion, a P/E ratio of 27.55, 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 earnings per share 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 company had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the prior year, the business earned $2.70 earnings per share. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. This represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,136 shares of company stock worth $8,676,247. Company insiders own 0.25% of the company's stock.

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.