Baader Bank Aktiengesellschaft Sells 215 Shares of McDonald’s Co. (NYSE:MCD)

Baader Bank Aktiengesellschaft lessened its position in McDonald’s Co. (NYSE:MCD) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,455 shares of the fast-food giant’s stock after selling 215 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in McDonald’s were worth $1,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the third quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter worth approximately $31,000. Hara Capital LLC acquired a new position in McDonald’s during the third quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s in the third quarter valued at about $58,000. Finally, FSA Wealth Management LLC acquired a new position in McDonald’s during the 3rd quarter worth about $72,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,905 shares of company stock valued at $2,592,327 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $290.41 on Thursday. The company’s 50-day simple moving average is $291.12 and its 200 day simple moving average is $289.23. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market capitalization of $208.11 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business posted $3.19 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast that McDonald’s Co. will post 11.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCD. Truist Financial decreased their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Citigroup lifted their target price on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Wedbush restated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $320.87.

About McDonald’s

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.