WealthShield Partners LLC Grows Stock Holdings in McDonald’s Corporation $MCD

WealthShield Partners LLC lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 66.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,029 shares of the fast-food giant’s stock after buying an additional 6,413 shares during the period. WealthShield Partners LLC’s holdings in McDonald’s were worth $4,871,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MCD. Brighton Jones LLC lifted its position in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 52 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of McDonald’s by 11.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant’s stock worth $589,000 after acquiring an additional 206 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of McDonald’s by 13.1% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,426 shares of the fast-food giant’s stock worth $417,000 after purchasing an additional 165 shares during the period. Finally, Patton Fund Management Inc. bought a new position in McDonald’s during the 2nd quarter valued at about $203,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 target price for the company in a research report on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Piper Sandler reiterated a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a research note on Wednesday, October 22nd. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a research note on Friday, October 17th. Finally, Royal Bank Of Canada initiated coverage on shares of McDonald’s in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective for the company. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus price target of $328.88.

McDonald’s Stock Performance

Shares of MCD opened at $309.24 on Monday. The company has a 50 day moving average price of $308.87 and a 200-day moving average price of $306.02. McDonald’s Corporation has a fifty-two week low of $283.28 and a fifty-two week high of $326.32. The stock has a market capitalization of $220.23 billion, a PE ratio of 26.39, a PEG ratio of 3.07 and a beta of 0.53.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.23 earnings per share. Equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 2,486 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total value of $795,520.00. Following the sale, the executive vice president directly owned 6,268 shares in the company, valued at approximately $2,005,760. This trade represents a 28.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the transaction, the chief financial officer owned 26,353 shares of the company’s stock, valued at approximately $8,169,430. This trade represents a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 45,142 shares of company stock valued at $13,841,169. Company insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.