Vise Technologies Inc. Increases Stock Position in McDonald’s Co. (NYSE:MCD)

Vise Technologies Inc. increased its holdings in shares of McDonald’s Co. (NYSE:MCDFree Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,454 shares of the fast-food giant’s stock after acquiring an additional 53 shares during the quarter. Vise Technologies Inc.’s holdings in McDonald’s were worth $431,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in McDonald’s by 4.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 848,738 shares of the fast-food giant’s stock worth $249,860,000 after buying an additional 39,683 shares in the last quarter. M&G Investment Management Ltd. bought a new stake in McDonald’s during the fourth quarter worth approximately $8,449,000. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in McDonald’s by 100.0% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 8,000 shares of the fast-food giant’s stock worth $2,372,000 after buying an additional 4,000 shares in the last quarter. Nvwm LLC lifted its position in shares of McDonald’s by 7.0% in the 4th quarter. Nvwm LLC now owns 5,702 shares of the fast-food giant’s stock valued at $1,691,000 after acquiring an additional 373 shares in the last quarter. Finally, Quotient Wealth Partners LLC purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $626,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,997 shares of company stock valued at $836,300. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

NYSE MCD traded up $3.21 during trading hours on Wednesday, reaching $273.87. The company’s stock had a trading volume of 2,982,310 shares, compared to its average volume of 3,325,726. The firm has a fifty day simple moving average of $276.28 and a 200-day simple moving average of $283.40. The stock has a market cap of $197.37 billion, a P/E ratio of 23.25, a P/E/G ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period last year, the business earned $2.63 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 12.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. BMO Capital Markets cut their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Argus reiterated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Guggenheim cut their target price on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

Get Our Latest Analysis on McDonald’s

About McDonald’s

(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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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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