Triglav Skladi D.O.O. Buys New Position in McDonald’s Co. (NYSE:MCD)

Triglav Skladi D.O.O. bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, Holdings Channel reports. The firm bought 18,755 shares of the fast-food giant’s stock, valued at approximately $5,437,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atala Financial Inc purchased a new position in McDonald’s during the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s during the 4th quarter valued at about $27,000. Collier Financial purchased a new position in McDonald’s during the 4th quarter valued at about $29,000. Fairway Wealth LLC boosted its holdings in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald’s during the 4th quarter valued at about $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MCD. Piper Sandler raised their target price on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Bank of America raised their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Citigroup lifted their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Barclays lifted their price objective on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley decreased their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday, March 17th. Eleven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $325.91.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now owns 12,100 shares of the company’s stock, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,636 shares of company stock valued at $5,420,722 over the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 1.3%

MCD stock opened at $318.51 on Monday. The business has a 50 day moving average price of $310.04 and a 200 day moving average price of $300.76. The stock has a market cap of $227.76 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.70 earnings per share. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.