Moore Capital Management LP Trims Holdings in McDonald's Co. (NYSE:MCD)

Moore Capital Management LP decreased its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,067 shares of the fast-food giant's stock after selling 2,271 shares during the quarter. Moore Capital Management LP's holdings in McDonald's were worth $599,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research analyst reports. TD Securities restated a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Robert W. Baird increased their target price on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, Piper Sandler increased their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Eleven investment 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's stock. Based on data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average target price of $325.91.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the sale, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were 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 owns 9,858 shares in the company, valued at approximately $2,964,892.08. The trade was a 24.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,636 shares of company stock valued at $5,420,722 over the last 90 days. Insiders own 0.25% of the company's stock.

McDonald's Stock Performance

McDonald's stock traded up $4.03 during mid-day trading on Friday, reaching $318.51. The stock had a trading volume of 2,636,802 shares, compared to its average volume of 3,554,586. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock's 50-day simple moving average is $310.04 and its 200-day simple moving average is $300.64. The firm 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 announced 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 firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations 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 posted $2.70 earnings per share. On average, research analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal 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.