Mufg Securities Americas Inc. Acquires New Stake in McDonald’s Co. (NYSE:MCD)

Mufg Securities Americas Inc. bought a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,578 shares of the fast-food giant’s stock, valued at approximately $3,066,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in McDonald’s in the 4th quarter valued at about $2,725,190,000. Raymond James Financial Inc. bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $703,074,000. Castlekeep Investment Advisors LLC acquired a new stake in McDonald’s during the fourth quarter valued at approximately $350,935,000. Northern Trust Corp boosted its holdings in McDonald’s by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in McDonald’s by 24.4% in the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock worth $1,175,326,000 after buying an additional 794,536 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

NYSE:MCD opened at $308.76 on Wednesday. The company has a market capitalization of $220.79 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.10 and a beta of 0.57. The stock’s 50 day moving average price is $310.15 and its 200 day moving average price is $300.31. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

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

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Barclays increased their price objective on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Citigroup upped their target price on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a report on Friday, May 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Truist Financial set a $350.00 price objective on shares of McDonald’s in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Eleven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $325.91.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. The trade was a 24.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 0.25% of the company’s stock.

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.