MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stock Position in McDonald’s Co. (NYSE:MCD)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 38.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,684 shares of the fast-food giant’s stock after buying an additional 1,850 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in McDonald’s were worth $1,936,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kennebec Savings Bank purchased a new position in McDonald’s in the third quarter worth $1,394,000. Charles Schwab Investment Management Inc. increased its holdings in shares of McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares during the period. Weiss Asset Management LP purchased a new stake in McDonald’s during the third quarter worth about $16,870,000. Finally, PFW Advisors LLC acquired a new position in McDonald’s during the fourth quarter worth about $2,471,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MCD. UBS Group lifted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Wedbush reaffirmed an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. TD Cowen reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Bank of America raised their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Truist Financial decreased their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Ten investment 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.22.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,605 shares of company stock worth $2,508,102 in the last three months. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $284.49 on Friday. The company has a market cap of $203.87 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 3.66 and a beta of 0.73. The firm has a 50 day moving average price of $291.49 and a 200 day moving average price of $287.90. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (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 during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company earned $3.19 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that McDonald’s Co. will post 11.72 EPS for the current year.

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.