Foundations Investment Advisors LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 19.7% during the fourth quarter, HoldingsChannel reports. The fund owned 2,376 shares of the fast-food giant’s stock after buying an additional 391 shares during the quarter. Foundations Investment Advisors LLC’s holdings in McDonald’s were worth $513,000 as of its most recent filing with the SEC.

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

MCD stock opened at $212.09 on Thursday. The firm has a market cap of $158.03 billion, a P/E ratio of 32.38, a P/E/G ratio of 4.13 and a beta of 0.58. The firm’s fifty day moving average is $212.99 and its 200 day moving average is $210.88. McDonald’s Co. has a 52 week low of $124.23 and a 52 week high of $231.91.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Saturday, November 14th. The fast-food giant reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.32. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.37 billion. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $2.11 earnings per share. As a group, equities analysts predict that McDonald’s Co. will post 6.2 earnings per share for the current fiscal year.

MCD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on McDonald’s from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 20th. Morgan Stanley boosted their price objective on shares of McDonald’s from $208.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. UBS Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the stock from $230.00 to $240.00 in a report on Monday, December 14th. Northcoast Research assumed coverage on shares of McDonald’s in a report on Friday, December 18th. They issued a “buy” rating and a $266.00 price target for the company. Finally, Oppenheimer upgraded shares of McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 price target for the company in a research report on Thursday, January 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $231.26.

In related 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Francesca A. Debiase sold 21,930 shares of the company’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $215.62, for a total transaction of $4,728,546.60. Following the sale, the executive vice president now owns 23,048 shares of the company’s stock, valued at $4,969,609.76. The disclosure for this sale can be found here. Insiders have sold a total of 33,456 shares of company stock valued at $7,214,101 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

McDonald’s Profile

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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