Rheos Capital Works Inc. acquired a new position in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,100 shares of the fast-food giant's stock, valued at approximately $2,058,000.
Several other institutional investors and hedge funds have also bought and sold shares of MCD. Czech National Bank boosted its stake in McDonald's by 6.4% during the third quarter. Czech National Bank now owns 146,130 shares of the fast-food giant's stock worth $44,498,000 after acquiring an additional 8,797 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of McDonald's by 22.7% during the third quarter. GAMMA Investing LLC now owns 8,301 shares of the fast-food giant's stock valued at $2,528,000 after purchasing an additional 1,534 shares during the last quarter. Diversified Trust Co boosted its position in shares of McDonald's by 2.0% in the 3rd quarter. Diversified Trust Co now owns 8,078 shares of the fast-food giant's stock worth $2,460,000 after purchasing an additional 161 shares in the last quarter. Everpar Advisors LLC grew its stake in shares of McDonald's by 13.0% in the 3rd quarter. Everpar Advisors LLC now owns 2,630 shares of the fast-food giant's stock worth $801,000 after buying an additional 302 shares during the last quarter. Finally, Smith Anglin Financial LLC increased its position in McDonald's by 2.0% during the 3rd quarter. Smith Anglin Financial LLC now owns 2,743 shares of the fast-food giant's stock valued at $835,000 after buying an additional 53 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at McDonald's
In other McDonald's news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company's stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares of the company's stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock valued at $2,150,857 over the last quarter. 0.23% of the stock is currently owned by company insiders.
McDonald's Trading Down 0.0 %
NYSE MCD traded down $0.05 on Tuesday, hitting $290.00. 2,976,390 shares of the company traded hands, compared to its average volume of 3,018,852. The business's 50 day moving average price is $291.00 and its 200-day moving average price is $290.15. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market capitalization of $207.82 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on MCD shares. Bank of America increased their target price on McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Wedbush restated an "outperform" rating and set a $295.00 price objective on shares of McDonald's in a research note on Wednesday, October 23rd. Truist Financial decreased their target price on shares of McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Piper Sandler cut their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, KeyCorp decreased their price objective on shares of McDonald's from $330.00 to $320.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $319.58.
Check Out Our Latest Stock Report on McDonald's
McDonald's Company Profile
(
Free Report)
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.
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