McDonald’s Co. (NYSE:MCD) Shares Purchased by Royal Fund Management LLC

Royal Fund Management LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 103.7% during the fourth quarter, HoldingsChannel reports. The fund owned 31,640 shares of the fast-food giant’s stock after buying an additional 16,111 shares during the period. McDonald’s comprises 0.9% of Royal Fund Management LLC’s holdings, making the stock its 20th biggest position. Royal Fund Management LLC’s holdings in McDonald’s were worth $9,395,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new position in McDonald’s during the fourth quarter worth $98,000. Mitchell & Pahl Private Wealth LLC grew its holdings in shares of McDonald’s by 4.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,878 shares of the fast-food giant’s stock worth $2,864,000 after purchasing an additional 450 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of McDonald’s by 0.9% during the fourth quarter. Ballentine Partners LLC now owns 17,208 shares of the fast-food giant’s stock worth $4,988,000 after purchasing an additional 151 shares during the last quarter. Pure Financial Advisors LLC boosted its stake in shares of McDonald’s by 15.3% during the fourth quarter. Pure Financial Advisors LLC now owns 3,781 shares of the fast-food giant’s stock worth $1,096,000 after buying an additional 502 shares during the period. Finally, Tudor Financial Inc. boosted its stake in shares of McDonald’s by 9.4% during the fourth quarter. Tudor Financial Inc. now owns 1,415 shares of the fast-food giant’s stock worth $410,000 after buying an additional 122 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,704 shares of company stock worth $2,829,428. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. KeyCorp raised their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. TD Cowen restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. UBS Group raised their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Stock Performance

Shares of MCD opened at $280.90 on Tuesday. The stock has a fifty day moving average of $292.54 and a two-hundred day moving average of $287.50. The company has a market capitalization of $201.30 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during 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%. McDonald’s’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.19 EPS. As a group, equities research analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

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.