Fortitude Family Office LLC Has $1.22 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Fortitude Family Office LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 39.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,214 shares of the fast-food giant’s stock after purchasing an additional 1,190 shares during the quarter. Fortitude Family Office LLC’s holdings in McDonald’s were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC grew its stake in shares of McDonald’s by 494.9% in the 2nd quarter. Acadian Asset Management LLC now owns 19,179 shares of the fast-food giant’s stock valued at $4,886,000 after purchasing an additional 15,955 shares during the period. HHM Wealth Advisors LLC boosted its stake in McDonald’s by 19.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 719 shares of the fast-food giant’s stock valued at $183,000 after buying an additional 118 shares in the last quarter. LPL Financial LLC grew its position in McDonald’s by 8.2% in the second quarter. LPL Financial LLC now owns 1,105,675 shares of the fast-food giant’s stock valued at $281,770,000 after acquiring an additional 83,807 shares during the period. Mitchell Sinkler & Starr PA acquired a new position in McDonald’s during the second quarter worth $247,000. Finally, American Century Companies Inc. lifted its holdings in shares of McDonald’s by 1.9% during the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after acquiring an additional 915 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In other news, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 44.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,050 shares of company stock worth $3,556,688 in the last ninety days. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MCD shares. Wedbush reaffirmed an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Morgan Stanley lifted their target price on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Bank of America raised their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.65.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $286.79 on Friday. The firm has a fifty day moving average of $294.20 and a two-hundred day moving average of $285.92. The stock has a market capitalization of $205.52 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that McDonald’s Co. will post 11.75 EPS 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.