McDonald’s Co. (NYSE:MCD) Shares Sold by KBC Group NV

KBC Group NV reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,548 shares of the fast-food giant’s stock after selling 20,747 shares during the period. KBC Group NV’s holdings in McDonald’s were worth $49,150,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MCD. Northwestern Mutual Wealth Management Co. grew its position in shares of McDonald’s by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock worth $32,894,000 after acquiring an additional 2,328 shares in the last quarter. William B. Walkup & Associates Inc. bought a new position in McDonald’s during the second quarter worth $959,000. Second Line Capital LLC acquired a new position in McDonald’s in the second quarter worth $221,000. Quarry LP increased its stake in McDonald’s by 54.6% during the second quarter. Quarry LP now owns 609 shares of the fast-food giant’s stock valued at $155,000 after purchasing an additional 215 shares during the last quarter. Finally, Regal Investment Advisors LLC raised its holdings in shares of McDonald’s by 3.0% during the second quarter. Regal Investment Advisors LLC now owns 30,179 shares of the fast-food giant’s stock worth $7,691,000 after purchasing an additional 891 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,905 shares of company stock valued at $2,592,327 over the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 2.7 %

Shares of McDonald’s stock opened at $293.16 on Tuesday. The business has a fifty day simple moving average of $291.07 and a 200-day simple moving average of $288.70. The firm has a market cap of $210.08 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share 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 during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm posted $3.19 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $311.00 to $334.00 in a report on Friday, January 10th. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. 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 report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $320.78.

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.