AustralianSuper Pty Ltd Cuts Stake in McDonald’s Corporation $MCD

AustralianSuper Pty Ltd lessened its stake in McDonald’s Corporation (NYSE:MCDFree Report) by 85.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,168 shares of the fast-food giant’s stock after selling 46,882 shares during the period. AustralianSuper Pty Ltd’s holdings in McDonald’s were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Viking Global Investors LP grew its stake in McDonald’s by 171.7% in the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock valued at $913,157,000 after purchasing an additional 1,974,998 shares during the last quarter. Franklin Resources Inc. grew its stake in McDonald’s by 36.6% in the third quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant’s stock valued at $1,336,155,000 after purchasing an additional 1,179,244 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in McDonald’s by 111.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,071,296 shares of the fast-food giant’s stock valued at $629,446,000 after purchasing an additional 1,090,849 shares during the last quarter. Marshall Wace LLP grew its stake in McDonald’s by 927.5% in the third quarter. Marshall Wace LLP now owns 827,547 shares of the fast-food giant’s stock valued at $251,483,000 after purchasing an additional 927,547 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in McDonald’s by 766.5% in the third quarter. Alyeska Investment Group L.P. now owns 885,629 shares of the fast-food giant’s stock valued at $269,134,000 after purchasing an additional 783,416 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 333 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $302.72, for a total value of $100,805.76. Following the completion of the transaction, the insider directly owned 8,067 shares of the company’s stock, valued at approximately $2,442,042.24. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jonathan Banner sold 6,201 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $333.29, for a total value of $2,066,731.29. Following the completion of the transaction, the executive vice president directly owned 2,291 shares of the company’s stock, valued at $763,567.39. The trade was a 73.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,119 shares of company stock valued at $3,945,973 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. Rothschild & Co Redburn upgraded McDonald’s from a “sell” rating to a “neutral” rating and lifted their target price for the company from $260.00 to $306.00 in a research note on Thursday, April 23rd. Piper Sandler lifted their target price on McDonald’s from $323.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. TD Cowen cut their target price on McDonald’s from $330.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. Jefferies Financial Group lifted their target price on McDonald’s from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada dropped their price target on McDonald’s from $330.00 to $305.00 and set a “sector perform” rating on the stock in a research note on Friday, May 8th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $334.45.

View Our Latest Report on MCD

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McDonald’s Stock Up 0.5%

McDonald’s stock opened at $276.42 on Friday. McDonald’s Corporation has a 52 week low of $271.98 and a 52 week high of $341.75. The company has a market capitalization of $196.40 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 2.73 and a beta of 0.43. The stock has a 50-day moving average price of $304.30 and a 200 day moving average price of $310.02.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the previous year, the company posted $2.67 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that McDonald’s Corporation will post 12.96 EPS for the current fiscal year.

McDonald’s Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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

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