McDonald’s Co. (NYSE:MCD) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 32,014 shares of the fast-food giant’s stock after acquiring an additional 237 shares during the quarter. Foundations Investment Advisors LLC’s holdings in McDonald’s were worth $9,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its position in 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 worth $706,202,000 after purchasing an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after purchasing an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in McDonald’s during the third quarter worth approximately $121,254,000. Zurich Insurance Group Ltd FI boosted its position in McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after purchasing an additional 261,350 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in McDonald’s during the fourth quarter worth approximately $64,805,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.4 %

MCD opened at $286.67 on Monday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The business has a fifty day simple moving average of $291.07 and a 200-day simple moving average of $288.70. The firm has a market cap of $205.43 billion, a P/E ratio of 25.19, a P/E/G ratio of 3.66 and a beta of 0.73.

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

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction 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. The trade was a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,905 shares of company stock worth $2,592,327. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MCD. Truist Financial reduced their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Loop Capital reissued a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Bank of America increased their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $320.78.

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.