Raiffeisen Bank International AG Invests $2.46 Million in McDonald's Co. (NYSE:MCD)

Raiffeisen Bank International AG bought a new position in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,504 shares of the fast-food giant's stock, valued at approximately $2,463,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atala Financial Inc acquired a new stake in shares of McDonald's in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald's in the fourth quarter worth $27,000. Collier Financial acquired a new stake in shares of McDonald's in the fourth quarter worth $29,000. Fairway Wealth LLC boosted its position in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after buying an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's in the fourth quarter worth $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MCD shares. TD Securities reiterated a "hold" rating and set a $300.00 price objective on shares of McDonald's in a report on Monday, February 10th. Wedbush increased their price objective on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Bank of America increased their price objective on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Stock Performance

McDonald's stock opened at $314.04 on Friday. The business's 50-day simple moving average is $309.80 and its 200-day simple moving average is $300.47. The firm has a market capitalization of $224.56 billion, a PE ratio of 27.57, a PEG ratio of 3.10 and a beta of 0.57. 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 earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting 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 business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the business earned $2.70 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current year.

Insider Buying and Selling at McDonald's

In other news, EVP Manuel Jm Steijaert sold 10,459 shares of the business's stock in a transaction that occurred 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. The trade was a 69.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the transaction, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,636 shares of company stock valued at $5,420,722. 0.25% of the stock is currently owned by corporate insiders.

About McDonald's

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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.