Mediolanum International Funds Ltd Buys 55,358 Shares of McDonald’s Corporation $MCD

Mediolanum International Funds Ltd grew its stake in McDonald’s Corporation (NYSE:MCD) by 174.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,013 shares of the fast-food giant’s stock after buying an additional 55,358 shares during the period. Mediolanum International Funds Ltd’s holdings in McDonald’s were worth $26,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in McDonald’s during the second quarter worth $25,000. Decker Retirement Planning Inc. grew its holdings in 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 raised its position in shares of McDonald’s by 162.5% in 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 in the last quarter. GFG Capital LLC acquired a new position in shares of McDonald’s in the 2nd quarter valued at about $29,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of McDonald’s during the 2nd quarter valued at about $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 2,626 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $306.58, for a total transaction of $805,079.08. Following the completion of the sale, the insider owned 5,398 shares in the company, valued at approximately $1,654,918.84. This represents a 32.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief financial officer 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 45,142 shares of company stock valued at $13,841,169. 0.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday. TD Cowen restated a “hold” rating on shares of McDonald’s in a report on Thursday, January 8th. Citigroup decreased their price target on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Finally, Royal Bank Of Canada began coverage on shares of McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $328.88.

McDonald’s Trading Down 0.2%

MCD opened at $314.86 on Friday. McDonald’s Corporation has a 1-year low of $283.47 and a 1-year high of $326.32. The company has a market cap of $224.23 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.19 and a beta of 0.53. The company’s fifty day moving average price is $309.76 and its two-hundred day moving average price is $306.46.

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

McDonald’s 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.