MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Position in McDonald's Co. (NYSE:MCD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 28.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,264 shares of the fast-food giant's stock after selling 47,912 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in McDonald's were worth $35,733,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mattern Capital Management LLC increased 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 last quarter. Bell Bank increased 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 last quarter. YANKCOM Partnership bought a new position in shares of McDonald's during the 4th quarter worth approximately $1,628,000. Integral Investment Advisors Inc. boosted its stake 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 acquiring an additional 164 shares during the period. Finally, PFW Advisors LLC bought a new position in shares of McDonald's during the 4th quarter worth approximately $2,471,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In related news, CMO Edith Morgan Flatley sold 3,200 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at approximately $2,964,892.08. This represents a 24.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,099 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $475,176. This trade represents a 41.33% 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 worth $5,420,722 in the last 90 days. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Up 1.3%

Shares of NYSE MCD traded up $4.03 during trading on Friday, reaching $318.51. The company had a trading volume of 2,636,802 shares, compared to its average volume of 3,554,586. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company's fifty day moving average price is $310.04 and its 200-day moving average price is $300.64. The stock has a market cap of $227.76 billion, a P/E ratio of 27.96, a PEG ratio of 3.10 and a beta of 0.57.

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

Analysts Set New Price Targets

Several brokerages have recently commented on MCD. Robert W. Baird lifted their target price on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Barclays boosted their price target on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Piper Sandler boosted their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Citigroup boosted their price target on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Bank of America boosted their price target on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Eleven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

McDonald's 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.