Sivia Capital Partners LLC Grows Position in McDonald’s Co. (NYSE:MCD)

Sivia Capital Partners LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,739 shares of the fast-food giant’s stock after acquiring an additional 140 shares during the period. Sivia Capital Partners LLC’s holdings in McDonald’s were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MCD. International Assets Investment Management LLC lifted 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 valued at $706,202,000 after purchasing an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after buying an additional 677,139 shares in the last quarter. Mondrian Investment Partners LTD bought a new position in shares of McDonald’s in the 2nd quarter valued at about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in McDonald’s in the third quarter worth about $121,254,000. Finally, Ameriprise Financial Inc. increased its stake in McDonald’s by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after acquiring an additional 354,196 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Up 0.6 %

Shares of McDonald’s stock traded up $1.61 on Monday, reaching $283.92. The stock had a trading volume of 1,631,667 shares, compared to its average volume of 2,833,083. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a 50 day moving average price of $293.94 and a 200 day moving average price of $286.47. The stock has a market capitalization of $203.46 billion, a P/E ratio of 24.93, a P/E/G ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.19 earnings per share. On average, analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Truist Financial lowered their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, UBS Group raised their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

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.