190,174 Shares in McDonald's Co. (NYSE:MCD) Purchased by Nearwater Capital Markets Ltd

Nearwater Capital Markets Ltd bought a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 190,174 shares of the fast-food giant's stock, valued at approximately $55,130,000. McDonald's makes up 1.6% of Nearwater Capital Markets Ltd's portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $2,725,190,000. Raymond James Financial Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $703,074,000. Castlekeep Investment Advisors LLC bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $350,935,000. Northern Trust Corp grew its stake in shares of McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of McDonald's by 24.4% in the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after buying an additional 794,536 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of the 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 transaction, the chief marketing officer now owns 9,858 shares of the company's stock, valued at approximately $2,964,892.08. This represents a 24.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,099 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $304.60, for a total value of $334,755.40. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $475,176. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,636 shares of company stock worth $5,420,722. Insiders own 0.25% of the company's stock.

McDonald's Stock Up 1.3%

NYSE:MCD traded up $4.03 during trading hours 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. The stock has a 50-day moving average of $310.04 and a two-hundred day moving average of $300.64. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The firm has a market capitalization of $227.76 billion, a PE 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 quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The firm 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 posted $2.70 earnings per share. The business's revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. KeyCorp boosted their price target on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Truist Financial set a $350.00 target price on McDonald's in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley reduced their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.