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

WealthShield Partners LLC lifted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 66.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,029 shares of the fast-food giant’s stock after acquiring 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 quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in McDonald’s by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock valued at $20,840,787,000 after purchasing an additional 921,936 shares in the last quarter. State Street Corp lifted its stake in shares of McDonald’s by 0.8% during the second quarter. State Street Corp now owns 34,828,352 shares of the fast-food giant’s stock worth $10,175,800,000 after buying an additional 272,139 shares during the period. Geode Capital Management LLC lifted its stake in shares of McDonald’s by 1.7% during the second quarter. Geode Capital Management LLC now owns 16,828,420 shares of the fast-food giant’s stock worth $4,901,595,000 after buying an additional 276,065 shares during the period. Norges Bank purchased a new stake in shares of McDonald’s during the second quarter valued at $2,780,712,000. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of McDonald’s by 29,382.3% during the second quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock valued at $1,676,339,000 after buying an additional 5,718,087 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MCD. Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. Sanford C. Bernstein restated an “overweight” rating and issued a $372.00 price objective on shares of McDonald’s in a research note on Wednesday, January 7th. Guggenheim upped their target price on McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Piper Sandler reiterated a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. Finally, KeyCorp raised their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and a consensus price target of $328.88.

McDonald’s Stock Up 1.0%

McDonald’s stock opened at $309.24 on Monday. The business’s 50-day moving average price is $308.87 and its 200 day moving average price is $306.02. The firm has a market cap of $220.23 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. McDonald’s Corporation has a 52 week low of $283.28 and a 52 week high of $326.32.

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

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,486 shares of McDonald’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total value of $795,520.00. Following the completion of the transaction, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the sale, the executive vice president directly owned 4,606 shares in the company, valued at approximately $1,407,133. The trade was a 58.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,142 shares of company stock worth $13,841,169 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

About McDonald’s

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.