Redpoint Investment Management Pty Ltd increased its stake in McDonald’s Co. (NYSE:MCD) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,699 shares of the fast-food giant’s stock after buying an additional 872 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in McDonald’s were worth $4,227,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Ingalls & Snyder LLC boosted its position in shares of McDonald’s by 0.6% in the 3rd quarter. Ingalls & Snyder LLC now owns 7,981 shares of the fast-food giant’s stock worth $1,752,000 after purchasing an additional 44 shares in the last quarter. Family Legacy Inc. boosted its position in shares of McDonald’s by 1.1% in the third quarter. Family Legacy Inc. now owns 4,216 shares of the fast-food giant’s stock worth $925,000 after buying an additional 45 shares during the period. Investors Financial Group LLC grew its holdings in shares of McDonald’s by 2.4% during the third quarter. Investors Financial Group LLC now owns 2,008 shares of the fast-food giant’s stock valued at $441,000 after buying an additional 47 shares in the last quarter. TFG Advisers LLC raised its position in McDonald’s by 0.8% during the third quarter. TFG Advisers LLC now owns 5,746 shares of the fast-food giant’s stock valued at $1,261,000 after buying an additional 48 shares during the period. Finally, Old Port Advisors lifted its stake in McDonald’s by 4.4% in the 4th quarter. Old Port Advisors now owns 1,129 shares of the fast-food giant’s stock worth $237,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 57.00% of the company’s stock.

Several equities analysts recently weighed in on MCD shares. Royal Bank of Canada raised their price objective on shares of McDonald’s from $220.00 to $245.00 and gave the company an “outperform” rating in a research report on Tuesday, November 3rd. Stephens upped their target price on shares of McDonald’s from $225.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, January 7th. Jefferies Financial Group raised their price target on shares of McDonald’s from $220.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 20th. Finally, Truist cut their price target on shares of McDonald’s from $246.00 to $235.00 in a research note on Tuesday, November 10th. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. McDonald’s currently has a consensus rating of “Buy” and a consensus target price of $231.26.

In other McDonald’s news, insider Ian Frederick Borden sold 4,149 shares of McDonald’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $215.75, for a total value of $895,146.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Francesca A. Debiase sold 21,930 shares of the stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $215.62, for a total transaction of $4,728,546.60. Following the transaction, the executive vice president now directly owns 23,048 shares in the company, valued at approximately $4,969,609.76. The disclosure for this sale can be found here. Insiders have sold 33,456 shares of company stock worth $7,214,101 in the last ninety days. Insiders own 0.25% of the company’s stock.

Shares of NYSE:MCD traded up $0.49 during mid-day trading on Wednesday, reaching $212.09. 2,067,672 shares of the company’s stock were exchanged, compared to its average volume of 2,882,659. The business’s fifty day moving average price is $213.15 and its 200-day moving average price is $210.72. McDonald’s Co. has a twelve month low of $124.23 and a twelve month high of $231.91. The firm has a market capitalization of $158.03 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 4.13 and a beta of 0.58.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Saturday, November 14th. The fast-food giant reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.32. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same period in the prior year, the firm posted $2.11 EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Co. will post 6.2 EPS for the current fiscal year.

About McDonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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

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