Bank Hapoalim BM Sells 735 Shares of McDonald’s Co. (NYSE:MCD)

Bank Hapoalim BM reduced its holdings in McDonald’s Co. (NYSE:MCD) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,871 shares of the fast-food giant’s stock after selling 735 shares during the quarter. Bank Hapoalim BM’s holdings in McDonald’s were worth $1,412,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in McDonald’s by 1.4% in the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after purchasing an additional 220,365 shares in the last quarter. Wellington Management Group LLP increased its holdings in McDonald’s by 0.9% in the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after purchasing an additional 128,800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of McDonald’s by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after acquiring an additional 19,867 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after acquiring an additional 2,311,721 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MCD shares. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barclays boosted their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. UBS Group boosted their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley decreased their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Truist Financial decreased their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $319.58.

McDonald’s Stock Performance

MCD stock opened at $290.00 on Wednesday. The company has a market capitalization of $207.82 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a fifty day moving average of $291.00 and a 200-day moving average of $290.15.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by company insiders.

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.