Bedrijfstakpensioenfonds Voor DE Media PNO Reduces Holdings in McDonald’s Co. (NYSE:MCD)

Bedrijfstakpensioenfonds Voor DE Media PNO lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 12.3% during the fourth quarter, HoldingsChannel reports. The firm owned 28,500 shares of the fast-food giant’s stock after selling 4,000 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in McDonald’s were worth $7,979,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the third quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s in the third quarter worth $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the third quarter worth $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s in the third quarter worth $58,000. Finally, FSA Wealth Management LLC bought a new stake in shares of McDonald’s in the third quarter worth $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.7 %

Shares of McDonald’s stock opened at $282.85 on Wednesday. The company’s 50-day moving average price is $292.12 and its two-hundred day moving average price is $287.72. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market cap of $202.69 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 earnings per share. On average, equities analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’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 transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,605 shares of company stock worth $2,508,102. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Truist Financial decreased their price objective 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. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Bank of America lifted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $321.22.

About McDonald’s

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.