Rheos Capital Works Inc. Acquires New Shares in McDonald’s Co. (NYSE:MCD)

Rheos Capital Works Inc. acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,100 shares of the fast-food giant’s stock, valued at approximately $2,058,000.

A number of other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s during the 3rd quarter valued at $31,000. Hara Capital LLC purchased a new position in McDonald’s during the third quarter worth $44,000. Financial Life Planners acquired a new position in shares of McDonald’s in the fourth quarter worth $49,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the third quarter valued at $58,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Down 0.5 %

Shares of McDonald’s stock opened at $288.83 on Monday. The company has a fifty day moving average price of $291.12 and a 200 day moving average price of $289.94. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market cap of $206.98 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74.

Analyst Ratings Changes

A number of analysts recently commented on MCD shares. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Bank of America raised their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial cut their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.87.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s 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 sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock valued at $2,150,857 over the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Company 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.