ABN Amro Investment Solutions Has $10.69 Million Stock Position in McDonald’s Corporation $MCD

ABN Amro Investment Solutions boosted its stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 257.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,990 shares of the fast-food giant’s stock after buying an additional 25,210 shares during the period. ABN Amro Investment Solutions’ holdings in McDonald’s were worth $10,694,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MCD. Vanguard Group Inc. grew its stake in shares of McDonald’s by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 72,351,127 shares of the fast-food giant’s stock worth $22,112,675,000 after acquiring an additional 703,458 shares in the last quarter. State Street Corp grew its stake in shares of McDonald’s by 0.6% during the 3rd quarter. State Street Corp now owns 35,024,857 shares of the fast-food giant’s stock worth $10,643,704,000 after acquiring an additional 196,505 shares in the last quarter. Legal & General Group Plc grew its stake in shares of McDonald’s by 6.4% during the 3rd quarter. Legal & General Group Plc now owns 4,757,967 shares of the fast-food giant’s stock worth $1,445,899,000 after acquiring an additional 286,284 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of McDonald’s by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,422,014 shares of the fast-food giant’s stock worth $1,343,501,000 after acquiring an additional 21,168 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of McDonald’s by 36.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant’s stock worth $1,336,155,000 after acquiring an additional 1,179,244 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.1%

NYSE:MCD opened at $280.39 on Thursday. McDonald’s Corporation has a 1-year low of $271.98 and a 1-year high of $341.75. The firm has a fifty day simple moving average of $301.43 and a 200 day simple moving average of $309.54. The stock has a market capitalization of $199.22 billion, a PE ratio of 23.12, a P/E/G ratio of 2.79 and a beta of 0.43.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The business had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the business earned $2.67 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that McDonald’s Corporation will post 12.94 earnings per share for the current fiscal year.

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, EVP Jonathan Banner sold 6,201 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $333.29, for a total value of $2,066,731.29. Following the completion of the transaction, the executive vice president directly owned 2,291 shares of the company’s stock, valued at approximately $763,567.39. This trade represents a 73.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 2,626 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $307.00, for a total transaction of $806,182.00. Following the completion of the transaction, the insider directly owned 8,400 shares of the company’s stock, valued at $2,578,800. This represents a 23.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,119 shares of company stock valued at $3,945,973 over the last three months. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on MCD. Evercore set a $350.00 price target on shares of McDonald’s in a research note on Friday, May 8th. BTIG Research reaffirmed a “buy” rating and set a $370.00 price target on shares of McDonald’s in a research note on Thursday, May 7th. Rothschild & Co Redburn raised shares of McDonald’s from a “sell” rating to a “neutral” rating and raised their price target for the stock from $260.00 to $306.00 in a research note on Thursday, April 23rd. Cfra raised shares of McDonald’s to a “buy” rating in a research note on Friday, May 8th. Finally, Morgan Stanley set a $331.00 price target on shares of McDonald’s in a research note on Friday, May 8th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.45.

Check Out Our Latest Research Report on MCD

About McDonald’s

(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.

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

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