WealthShield LLC acquired a new stake in McDonald's Co. (NYSE:MCD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,768 shares of the fast-food giant’s stock, valued at approximately $479,000.

A number of other hedge funds have also made changes to their positions in the business. Highland Private Wealth Management boosted its stake in McDonald's by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after acquiring an additional 6 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in McDonald's by 0.9% in the second quarter. Sunbelt Securities Inc. now owns 4,295 shares of the fast-food giant’s stock valued at $658,000 after acquiring an additional 37 shares during the last quarter. Southeast Asset Advisors Inc. boosted its stake in McDonald's by 1.6% in the second quarter. Southeast Asset Advisors Inc. now owns 2,480 shares of the fast-food giant’s stock valued at $380,000 after acquiring an additional 39 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in McDonald's by 2.8% in the second quarter. Baker Avenue Asset Management LP now owns 1,703 shares of the fast-food giant’s stock valued at $261,000 after acquiring an additional 47 shares during the last quarter. Finally, South Texas Money Management Ltd. boosted its stake in McDonald's by 1.2% in the second quarter. South Texas Money Management Ltd. now owns 4,211 shares of the fast-food giant’s stock valued at $645,000 after acquiring an additional 51 shares during the last quarter. 68.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on MCD shares. Royal Bank of Canada set a $190.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $194.00 price objective on the stock in a research note on Tuesday, January 2nd. Nomura set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Robert W. Baird set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus set a $172.00 target price on shares of McDonald's and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Nine research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $183.16.

In related news, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the transaction, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Shares of NYSE:MCD opened at $158.30 on Friday. McDonald's Co. has a 12 month low of $139.78 and a 12 month high of $178.70. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04. The firm has a market cap of $123,894.01, a P/E ratio of 23.77, a P/E/G ratio of 2.36 and a beta of 0.64.

McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period last year, the business posted $1.44 earnings per share. research analysts predict that McDonald's Co. will post 7.58 earnings per share for the current fiscal year.

McDonald's Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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