KBC Group NV Has $49.15 Million Position in McDonald's Co. (NYSE:MCD)

KBC Group NV lowered its stake in McDonald's Co. (NYSE:MCD - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 169,548 shares of the fast-food giant's stock after selling 20,747 shares during the quarter. KBC Group NV's holdings in McDonald's were worth $49,150,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in McDonald's in the 3rd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald's during the 3rd quarter worth $31,000. Hara Capital LLC purchased a new position in shares of McDonald's during the 3rd quarter worth $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald's during the 3rd quarter worth $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald's during the 3rd quarter worth $72,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock worth $2,592,327 over the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald's Stock Performance

Shares of NYSE:MCD traded down $1.61 during trading hours on Tuesday, hitting $291.48. The stock had a trading volume of 3,180,025 shares, compared to its average volume of 3,138,159. The stock's fifty day simple moving average is $291.11 and its 200 day simple moving average is $288.97. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a market capitalization of $208.88 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 3.66 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business earned $3.19 earnings per share. McDonald's's revenue was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that McDonald's Co. will post 11.72 EPS for the current year.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. UBS Group increased their price target on McDonald's from $305.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Bank of America increased their price target on McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. BMO Capital Markets upped their price objective on McDonald's from $315.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Truist Financial dropped their price objective on McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $320.87.

McDonald's 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.