IFM Investors Pty Ltd boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 17.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 72,005 shares of the fast-food giant’s stock after acquiring an additional 10,470 shares during the period. IFM Investors Pty Ltd’s holdings in McDonald’s were worth $15,451,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Eastern Bank raised its position in McDonald’s by 3.3% in the 2nd quarter. Eastern Bank now owns 105,518 shares of the fast-food giant’s stock valued at $19,465,000 after buying an additional 3,365 shares during the last quarter. United Bank raised its holdings in shares of McDonald’s by 9.5% in the second quarter. United Bank now owns 7,948 shares of the fast-food giant’s stock valued at $1,466,000 after purchasing an additional 690 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in shares of McDonald’s in the second quarter worth $738,000. Signet Financial Management LLC grew its position in McDonald’s by 27.3% in the second quarter. Signet Financial Management LLC now owns 5,176 shares of the fast-food giant’s stock valued at $1,056,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in McDonald’s by 15.3% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 5,951 shares of the fast-food giant’s stock valued at $1,098,000 after buying an additional 791 shares during the last quarter. Institutional investors own 57.00% of the company’s stock.

Several equities analysts have recently weighed in on the company. Credit Suisse Group raised their price objective on McDonald’s from $214.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, November 10th. Piper Sandler decreased their price target on McDonald’s from $225.00 to $209.00 and set a “neutral” rating for the company in a research note on Wednesday, December 2nd. Bank of America upped their price objective on McDonald’s from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. KeyCorp increased their price objective on McDonald’s from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, November 10th. Finally, Telsey Advisory Group boosted their target price on shares of McDonald’s from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, November 2nd. Eight investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $231.26.

In other McDonald’s news, insider Joseph M. Erlinger sold 7,377 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $215.59, for a total transaction of $1,590,407.43. Following the sale, the insider now directly owns 15,564 shares of the company’s stock, valued at approximately $3,355,442.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Francesca A. Debiase sold 21,930 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $215.62, for a total transaction of $4,728,546.60. Following the sale, the executive vice president now directly owns 23,048 shares in the company, valued at $4,969,609.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,456 shares of company stock valued at $7,214,101. Insiders own 0.25% of the company’s stock.

McDonald’s stock traded up $0.49 during mid-day trading on Wednesday, reaching $212.09. The company had a trading volume of 1,994,887 shares, compared to its average volume of 2,882,884. The business has a fifty day simple moving average of $212.99 and a 200 day simple moving average of $210.88. The company has a market cap of $158.03 billion, a P/E ratio of 32.38, a P/E/G ratio of 4.13 and a beta of 0.58. McDonald’s Co. has a fifty-two week low of $124.23 and a fifty-two week high of $231.91.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Saturday, November 14th. The fast-food giant reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.32. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same period in the prior year, the company earned $2.11 EPS. McDonald’s’s revenue was down 1.5% compared to the same quarter last year. Sell-side analysts predict that McDonald’s Co. will post 6.2 earnings per share for the current fiscal year.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

Recommended Story: How does quantitative easing work?

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCD).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.