ABN AMRO Bank N.V. Buys 4,296 Shares of McDonald’s Corporation $MCD

ABN AMRO Bank N.V. boosted its stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 11.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,167 shares of the fast-food giant’s stock after acquiring an additional 4,296 shares during the quarter. ABN AMRO Bank N.V.’s holdings in McDonald’s were worth $12,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MCD shares. Robert W. Baird lifted their price objective on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Piper Sandler reiterated a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. Sanford C. Bernstein restated an “overweight” rating and issued a $372.00 price objective on shares of McDonald’s in a report on Wednesday, January 7th. Citigroup dropped their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Finally, Guggenheim lifted their target price on shares of McDonald’s from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday. Fifteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $331.37.

Read Our Latest Stock Analysis on MCD

Key Stories Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 3,195 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares of the company’s stock, valued at $1,861,832.16. This trade represents a 34.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of McDonald’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 of the company’s stock, valued at $8,169,430. The trade was a 39.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,008 shares of company stock worth $9,895,452 over the last three months. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 1.2%

Shares of MCD stock opened at $323.28 on Thursday. The company’s fifty day moving average price is $310.43 and its 200-day moving average price is $306.92. The stock has a market cap of $230.22 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.23 and a beta of 0.52. McDonald’s Corporation has a 12 month low of $283.47 and a 12 month high of $326.95.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $3.23 earnings per share. On average, sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share 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.

See Also

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

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