Wafra Inc. Takes $16.79 Million Position in McDonald's Co. (NYSE:MCD)

Wafra Inc. purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 56,617 shares of the fast-food giant's stock, valued at approximately $16,788,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald's in the fourth quarter valued at about $31,000. Spartan Planning & Wealth Management acquired a new stake in McDonald's during the 3rd quarter valued at approximately $33,000. Keener Financial Planning LLC bought a new position in McDonald's during the 4th quarter worth approximately $39,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of McDonald's in the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at $43,000. 70.29% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company's stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Jonathan Banner sold 800 shares of the firm's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company's stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction dated 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 of the company's stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Insiders sold a total of 2,997 shares of company stock valued at $836,300 in the last ninety days. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MCD. Erste Group Bank restated a "hold" rating on shares of McDonald's in a report on Wednesday, April 3rd. Bank of America upped their target price on McDonald's from $291.00 to $341.00 and gave the company a "neutral" rating in a research report on Monday, January 29th. BTIG Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, February 6th. Truist Financial cut their price target on McDonald's from $337.00 to $320.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd. Finally, UBS Group lowered their price objective on shares of McDonald's from $340.00 to $335.00 and set a "buy" rating for the company in a research note on Friday, April 5th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average target price of $317.74.

McDonald's Stock Down 0.4 %

NYSE MCD traded down $1.13 on Friday, reaching $272.38. The company had a trading volume of 2,454,570 shares, compared to its average volume of 3,564,655. The stock has a market capitalization of $196.30 billion, a P/E ratio of 23.12, a P/E/G ratio of 3.05 and a beta of 0.71. The company's fifty day moving average is $275.14 and its 200 day moving average is $283.35. McDonald's Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (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 180.74%. The business had revenue of $6.17 billion for the quarter, compared to analysts' expectations of $6.16 billion. During the same period in the prior year, the business earned $2.63 earnings per share. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, research analysts expect that McDonald's Co. will post 12.17 EPS for the current year.

McDonald's Company Profile

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.