China Universal Asset Management Co. Ltd. Buys 1,140 Shares of McDonald’s Co. (NYSE:MCD)

China Universal Asset Management Co. Ltd. raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 24.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,790 shares of the fast-food giant’s stock after purchasing an additional 1,140 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in McDonald’s were worth $1,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Concord Wealth Partners boosted its stake in McDonald’s by 0.9% in the 4th quarter. Concord Wealth Partners now owns 8,525 shares of the fast-food giant’s stock worth $2,471,000 after purchasing an additional 79 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in McDonald’s by 2.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 18,910 shares of the fast-food giant’s stock worth $5,425,000 after acquiring an additional 496 shares during the period. Waldron Private Wealth LLC grew its position in McDonald’s by 3.9% during the fourth quarter. Waldron Private Wealth LLC now owns 12,482 shares of the fast-food giant’s stock valued at $3,618,000 after buying an additional 466 shares during the period. Everett Harris & Co. CA raised its holdings in McDonald’s by 1.1% in the 4th quarter. Everett Harris & Co. CA now owns 406,013 shares of the fast-food giant’s stock worth $117,699,000 after purchasing an additional 4,302 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in shares of McDonald’s during the 4th quarter valued at approximately $892,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MCD shares. Wells Fargo & Company increased their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Bank of America raised their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial dropped their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Evercore ISI lifted their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Citigroup lifted their price target on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a report on Tuesday. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Trading Down 0.5 %

NYSE MCD opened at $288.83 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market capitalization of $206.98 billion, a PE ratio of 25.36, a P/E/G ratio of 3.85 and a beta of 0.73. The stock has a 50-day simple moving average of $291.12 and a 200 day simple moving average of $289.51.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the business earned $3.19 EPS. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald’s Co. will post 11.68 earnings per share for the current fiscal year.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.