McDonald’s Co. (NYSE:MCD) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden boosted its position in McDonald’s Co. (NYSE:MCD) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 209,500 shares of the fast-food giant’s stock after purchasing an additional 7,400 shares during the quarter. Forsta AP Fonden’s holdings in McDonald’s were worth $60,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Northwestern Mutual Wealth Management Co. grew its stake in McDonald’s by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock worth $32,894,000 after acquiring an additional 2,328 shares during the period. Quarry LP boosted its holdings in shares of McDonald’s by 54.6% during the second quarter. Quarry LP now owns 609 shares of the fast-food giant’s stock worth $155,000 after purchasing an additional 215 shares during the last quarter. Pathway Financial Advisers LLC grew its position in shares of McDonald’s by 10.8% in the second quarter. Pathway Financial Advisers LLC now owns 11,747 shares of the fast-food giant’s stock valued at $2,969,000 after purchasing an additional 1,143 shares during the period. 3Chopt Investment Partners LLC acquired a new position in McDonald’s in the second quarter valued at $628,000. Finally, Founders Financial Alliance LLC lifted its position in McDonald’s by 0.7% during the second quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock worth $1,269,000 after buying an additional 36 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Bank of America increased their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. 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 note on Tuesday. Finally, UBS Group increased their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $320.87.

McDonald’s Stock Down 0.6 %

Shares of NYSE:MCD opened at $291.48 on Wednesday. The firm has a 50-day simple moving average of $291.12 and a 200 day simple moving average of $289.23. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a market cap of $208.88 billion, a PE ratio of 25.59, a P/E/G ratio of 3.66 and a beta of 0.73.

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, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the firm earned $3.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred 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 sale, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,905 shares of company stock worth $2,592,327 in the last three months. 0.23% of the stock is owned by insiders.

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.