OMERS ADMINISTRATION Corp Boosts Stake in McDonald's Co. (NYSE:MCD)

OMERS ADMINISTRATION Corp increased its position in McDonald's Co. (NYSE:MCD - Free Report) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,833 shares of the fast-food giant's stock after buying an additional 2,943 shares during the period. OMERS ADMINISTRATION Corp's holdings in McDonald's were worth $9,518,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MCD. Atala Financial Inc purchased a new stake in shares of McDonald's in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald's in the fourth quarter worth about $27,000. Collier Financial purchased a new stake in shares of McDonald's in the fourth quarter worth about $29,000. Fairway Wealth LLC raised its position in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new stake in McDonald's during the fourth quarter valued at approximately $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Manuel Jm Steijaert sold 10,459 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $308.71, for a total value of $3,228,797.89. Following the transaction, the executive vice president now directly owns 4,606 shares of the company's stock, valued at $1,421,918.26. This represents a 69.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald's 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 sale, 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 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 ninety days. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MCD. Morgan Stanley decreased their price objective on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Piper Sandler upped their price objective on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Robert W. Baird upped their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Truist Financial set a $350.00 target price on McDonald's in a research note on Friday, May 2nd. Finally, Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $325.91.

McDonald's Stock Down 0.5%

Shares of McDonald's stock opened at $311.97 on Tuesday. The company has a market cap of $223.08 billion, a P/E ratio of 27.39, a PEG ratio of 3.10 and a beta of 0.57. The firm's 50 day moving average price is $310.18 and its 200-day moving average price is $300.25. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

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

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