Baillie Gifford & Co. boosted its position in shares of McDonald's Co. (NYSE:MCD) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,349 shares of the fast-food giant’s stock after buying an additional 6,083 shares during the period. Baillie Gifford & Co.’s holdings in McDonald's Co. were worth $16,840,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of McDonald's Co. by 46.0% in the third quarter. Ameriprise Financial Inc. now owns 4,988,144 shares of the fast-food giant’s stock valued at $575,422,000 after buying an additional 1,571,606 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of McDonald's Co. by 1,265.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,437,039 shares of the fast-food giant’s stock valued at $175,049,000 after buying an additional 1,331,792 shares in the last quarter. State Street Corp raised its stake in shares of McDonald's Co. by 3.0% in the fourth quarter. State Street Corp now owns 42,656,610 shares of the fast-food giant’s stock valued at $5,192,172,000 after buying an additional 1,256,718 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of McDonald's Co. by 18.6% in the fourth quarter. Federated Investors Inc. PA now owns 6,851,062 shares of the fast-food giant’s stock valued at $833,912,000 after buying an additional 1,073,723 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of McDonald's Co. during the fourth quarter valued at approximately $109,247,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.
Shares of McDonald's Co. (NYSE:MCD) traded up 0.47% during trading on Thursday, reaching $133.27. 2,697,250 shares of the company were exchanged. The stock has a 50-day moving average of $129.31 and a 200 day moving average of $122.16. McDonald's Co. has a 52-week low of $110.33 and a 52-week high of $133.44. The stock has a market capitalization of $109.15 billion, a P/E ratio of 24.50 and a beta of 0.69.
McDonald's Co. (NYSE:MCD) last issued its quarterly earnings data on Monday, January 23rd. The fast-food giant reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. McDonald's Co. had a return on equity of 514.39% and a net margin of 18.93%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.99 billion. During the same period in the prior year, the firm posted $1.31 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities analysts anticipate that McDonald's Co. will post $6.15 earnings per share for the current fiscal year.
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Several research analysts have issued reports on MCD shares. Vetr raised shares of McDonald's Co. from a “sell” rating to a “hold” rating and set a $124.33 price objective on the stock in a research report on Thursday, February 2nd. Credit Suisse Group AG reissued an “outperform” rating and set a $137.00 price objective on shares of McDonald's Co. in a research report on Friday, March 17th. Morgan Stanley set a $127.00 target price on shares of McDonald's Co. and gave the company a “neutral” rating in a report on Tuesday, January 17th. Goldman Sachs Group Inc set a $121.00 target price on shares of McDonald's Co. and gave the company a “neutral” rating in a report on Wednesday, January 25th. Finally, Nomura set a $136.00 target price on shares of McDonald's Co. and gave the company a “buy” rating in a report on Wednesday, January 18th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $130.82.
In other news, Director John J. Mulligan acquired 1,600 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The shares were purchased at an average cost of $128.94 per share, with a total value of $206,304.00. Following the acquisition, the director now directly owns 1,600 shares in the company, valued at approximately $206,304. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.
McDonald's Co. Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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