National Pension Service Has $373.83 Million Holdings in McDonald's Co. (NYSE:MCD)

National Pension Service grew its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,260,774 shares of the fast-food giant's stock after acquiring an additional 28,048 shares during the period. National Pension Service owned about 0.17% of McDonald's worth $373,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Signature Resources Capital Management LLC purchased a new stake in shares of McDonald's during the 4th quarter valued at about $31,000. Blue Bell Private Wealth Management LLC grew its position in McDonald's by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant's stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of McDonald's during the third quarter valued at approximately $33,000. Keener Financial Planning LLC acquired a new position in shares of McDonald's during the fourth quarter worth $39,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of McDonald's in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

Shares of MCD stock traded down $0.54 during trading hours on Thursday, reaching $267.95. The stock had a trading volume of 3,139,546 shares, compared to its average volume of 3,307,425. The firm has a 50-day simple moving average of $277.90 and a 200-day simple moving average of $282.80. The firm has a market capitalization of $193.19 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. McDonald's Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald's had a net margin of 33.36% and a negative return on equity of 180.54%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the business posted $2.63 EPS. McDonald's's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that McDonald's Co. will post 12.18 earnings per share for the current year.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company's stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company's stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of McDonald's from $312.00 to $297.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 16th. Bank of America lifted their price objective on McDonald's from $291.00 to $341.00 and gave the stock a "neutral" rating in a report on Monday, January 29th. Stifel Nicolaus reduced their target price on McDonald's from $315.00 to $300.00 and set a "hold" rating for the company in a research note on Thursday, April 11th. Royal Bank of Canada dropped their price target on shares of McDonald's from $340.00 to $335.00 and set an "outperform" rating for the company in a research note on Tuesday, February 6th. Finally, Argus reiterated a "hold" rating on shares of McDonald's in a research note on Monday, March 25th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $317.74.

About McDonald's

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.