ProShare Advisors LLC Decreases Position in McDonald’s Co. (NYSE:MCD)

ProShare Advisors LLC cut its position in McDonald’s Co. (NYSE:MCD) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 874,099 shares of the fast-food giant’s stock after selling 13,895 shares during the period. McDonald’s makes up about 0.6% of ProShare Advisors LLC’s investment portfolio, making the stock its 27th largest holding. ProShare Advisors LLC’s holdings in McDonald’s were worth $253,393,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Quantinno Capital Management LP raised its holdings in McDonald’s by 38.3% in the fourth quarter. Quantinno Capital Management LP now owns 72,740 shares of the fast-food giant’s stock worth $21,087,000 after buying an additional 20,140 shares during the last quarter. Mufg Securities Americas Inc. bought a new stake in shares of McDonald’s in the fourth quarter worth approximately $3,066,000. Nearwater Capital Markets Ltd bought a new stake in shares of McDonald’s in the fourth quarter worth approximately $55,130,000. Northeast Financial Consultants Inc grew its stake in shares of McDonald’s by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock worth $2,170,000 after acquiring an additional 34 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of McDonald’s by 5.2% in the fourth quarter. Nuveen Asset Management LLC now owns 4,595,245 shares of the fast-food giant’s stock worth $1,332,116,000 after acquiring an additional 226,752 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,636 shares of company stock valued at $5,420,722. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

MCD opened at $307.24 on Thursday. The firm has a market cap of $219.70 billion, a P/E ratio of 26.97, a PEG 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 company has a 50 day simple moving average of $309.86 and a two-hundred day simple moving average of $300.36.

McDonald’s (NYSE:MCD) last released 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. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the firm earned $2.70 earnings per share. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on MCD shares. TD Securities reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Barclays lifted their price target on shares of McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Truist Financial set a $350.00 price target on shares of McDonald’s in a research note on Friday, May 2nd. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.