National Pension Service Purchases 37,744 Shares of McDonald’s Corporation $MCD

National Pension Service raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,533,015 shares of the fast-food giant’s stock after purchasing an additional 37,744 shares during the quarter. National Pension Service’s holdings in McDonald’s were worth $465,868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of MCD. Brighton Jones LLC grew its position in shares of McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in McDonald’s by 11.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant’s stock worth $589,000 after purchasing an additional 206 shares during the period. B.O.S.S. Retirement Advisors LLC grew its holdings in McDonald’s by 15.1% during the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 786 shares of the fast-food giant’s stock valued at $230,000 after buying an additional 103 shares in the last quarter. Finally, Pure Financial Advisors LLC increased its position in shares of McDonald’s by 80.3% during the second quarter. Pure Financial Advisors LLC now owns 7,801 shares of the fast-food giant’s stock valued at $2,279,000 after buying an additional 3,475 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley set a $335.00 target price on McDonald’s in a research report on Friday, October 17th. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 price target for the company in a research report on Tuesday, January 6th. Wells Fargo & Company upped their price objective on shares of McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. TD Cowen reaffirmed a “hold” rating on shares of McDonald’s in a research note on Thursday, January 8th. Finally, KeyCorp lifted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $328.88.

Insider Buying and Selling

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total value of $795,520.00. Following the completion of the sale, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. The trade was a 28.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,142 shares of company stock valued at $13,841,169 over the last three months. 0.25% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.2%

Shares of McDonald’s stock opened at $314.86 on Friday. McDonald’s Corporation has a 12 month low of $283.47 and a 12 month high of $326.32. The firm has a market capitalization of $224.23 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.19 and a beta of 0.53. The business has a fifty day simple moving average of $309.76 and a two-hundred day simple moving average of $306.41.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the business earned $3.23 EPS. McDonald’s’s revenue was up 3.0% on a year-over-year basis. Analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Profile

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.