Czech National Bank Has $45.05 Million Stake in McDonald’s Co. (NYSE:MCD)

Czech National Bank lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 6.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 155,388 shares of the fast-food giant’s stock after purchasing an additional 9,258 shares during the quarter. Czech National Bank’s holdings in McDonald’s were worth $45,045,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the third quarter worth $31,000. Hara Capital LLC acquired a new stake in McDonald’s in the third quarter worth $44,000. Peterson Financial Group Inc. bought a new stake in McDonald’s in the third quarter valued at $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s in the third quarter valued at $72,000. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was 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 of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 in the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 1.6 %

NYSE MCD opened at $282.22 on Monday. The company’s 50 day moving average is $293.94 and its 200-day moving average is $286.47. The firm has a market cap of $202.24 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 earnings per share. Equities analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

Analyst Upgrades and Downgrades

MCD has been the subject of several research reports. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. TD Cowen reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. UBS Group boosted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Bank of America raised their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

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.