National Pension Service Has $465.87 Million Stock Position in McDonald’s Corporation $MCD

National Pension Service boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,533,015 shares of the fast-food giant’s stock after purchasing an additional 37,744 shares during the period. National Pension Service owned 0.21% of McDonald’s worth $465,868,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new position in McDonald’s during the second quarter worth about $25,000. Decker Retirement Planning Inc. boosted its stake in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after acquiring an additional 50 shares during the period. Evergreen Private Wealth LLC increased its holdings in shares of McDonald’s by 162.5% during the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after acquiring an additional 52 shares during the last quarter. GFG Capital LLC bought a new stake in McDonald’s in the 2nd quarter valued at $29,000. Finally, Financial Gravity Companies Inc. bought a new stake in McDonald’s in the 2nd quarter valued at $29,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Down 0.2%

NYSE:MCD opened at $314.86 on Friday. The stock’s 50-day simple moving average is $309.76 and its 200 day simple moving average is $306.41. The firm has a market capitalization of $224.23 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.19 and a beta of 0.53. McDonald’s Corporation has a twelve month low of $283.47 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.23 earnings per share. On average, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on MCD shares. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Sanford C. Bernstein reissued an “overweight” rating and issued a $372.00 price target on shares of McDonald’s in a report on Wednesday, January 7th. KeyCorp raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a research report on Wednesday, October 22nd. Thirteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $328.88.

Insiders Place Their Bets

In other McDonald’s news, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the sale, the chief financial officer directly owned 26,353 shares in the company, valued at approximately $8,169,430. This trade represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the completion of the transaction, the executive vice president owned 4,606 shares in the company, valued at approximately $1,407,133. The trade was a 58.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 45,142 shares of company stock valued at $13,841,169. Company insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

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.