Viking Fund Management LLC boosted its stake in Mcdonald’s Corp (NYSE:MCD) by 150.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the fast-food giant’s stock after purchasing an additional 6,000 shares during the quarter. Viking Fund Management LLC’s holdings in Mcdonald’s were worth $1,976,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Garrett Wealth Advisory Group LLC bought a new stake in shares of Mcdonald’s in the 3rd quarter worth $30,000. Prime Capital Investment Advisors LLC purchased a new stake in Mcdonald’s in the 3rd quarter valued at about $30,000. Quantum Capital Management purchased a new stake in Mcdonald’s in the 3rd quarter valued at about $35,000. Vista Private Wealth Partners. LLC purchased a new stake in Mcdonald’s in the 3rd quarter valued at about $40,000. Finally, New Capital Management LP lifted its position in shares of Mcdonald’s by 1,261.1% during the 3rd quarter. New Capital Management LP now owns 3,008 shares of the fast-food giant’s stock worth $48,000 after buying an additional 2,787 shares in the last quarter. 67.23% of the stock is owned by hedge funds and other institutional investors.
In other Mcdonald’s news, Director John J. Mulligan bought 1,300 shares of the stock in a transaction on Wednesday, November 6th. The shares were acquired at an average price of $193.46 per share, with a total value of $251,498.00. Following the acquisition, the director now directly owns 2,900 shares of the company’s stock, valued at approximately $561,034. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski bought 2,580 shares of the stock in a transaction on Wednesday, November 6th. The shares were acquired at an average cost of $193.81 per share, for a total transaction of $500,029.80. Following the acquisition, the chief executive officer now directly owns 2,580 shares in the company, valued at $500,029.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 7,380 shares of company stock worth $1,430,223. Insiders own 0.25% of the company’s stock.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.10). Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the previous year, the company posted $2.10 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts forecast that Mcdonald’s Corp will post 7.84 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Mcdonald’s in a report on Friday, December 6th. MKM Partners decreased their price target on Mcdonald’s from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Morgan Stanley lifted their price target on Mcdonald’s from $214.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Longbow Research raised Mcdonald’s from a “neutral” rating to a “buy” rating and set a $227.00 price objective on the stock in a research report on Friday, November 8th. Finally, BTIG Research upped their price objective on Mcdonald’s from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $223.54.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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