MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Holdings in McDonald’s Co. (NYSE:MCD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 28.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,264 shares of the fast-food giant’s stock after selling 47,912 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in McDonald’s were worth $35,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Atala Financial Inc purchased a new stake in McDonald’s in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the 4th quarter worth approximately $27,000. Collier Financial purchased a new stake in McDonald’s in the 4th quarter worth approximately $29,000. Fairway Wealth LLC lifted its holdings in McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after buying an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new stake in McDonald’s in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company’s stock, valued at $3,853,850. This represents a 7.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,636 shares of company stock worth $5,420,722 in the last ninety days. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $308.76 on Wednesday. The company has a market cap of $220.79 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The stock’s fifty day moving average price is $310.15 and its 200-day moving average price is $300.31.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the business posted $2.70 EPS. As a group, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MCD. Bank of America increased their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Barclays increased their target price on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Wedbush increased their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Morgan Stanley decreased their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Finally, Citigroup increased their target price on McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Eleven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.