Savoir Faire Capital Management L.P. Buys New Shares in McDonald’s Corporation $MCD

Savoir Faire Capital Management L.P. bought a new position in shares of McDonald’s Corporation (NYSE:MCD) during the third quarter, HoldingsChannel reports. The firm bought 23,800 shares of the fast-food giant’s stock, valued at approximately $7,233,000. McDonald’s makes up approximately 2.6% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 18th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. increased its position in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the second quarter valued at about $25,000. Evergreen Private Wealth LLC grew its stake in McDonald’s by 162.5% during the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after buying an additional 52 shares during the last quarter. GFG Capital LLC acquired a new stake in shares of McDonald’s during the second quarter worth approximately $29,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of McDonald’s during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Sanford C. Bernstein reissued an “overweight” rating and issued a $372.00 price objective on shares of McDonald’s in a research note on Wednesday, January 7th. Guggenheim raised their target price on McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Wells Fargo & Company upped their price target on shares of McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, Robert W. Baird increased their price objective on shares of McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Hold” and a consensus target price of $328.88.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, 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 value of $2,006,218.50. Following the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,407,133. This represents a 58.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 2,626 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $306.58, for a total value of $805,079.08. Following the transaction, the insider owned 5,398 shares of the company’s stock, valued at $1,654,918.84. The trade was a 32.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 45,142 shares of company stock worth $13,841,169. 0.25% of the stock is currently owned by insiders.

McDonald’s Trading Up 1.0%

Shares of NYSE:MCD opened at $309.24 on Monday. McDonald’s Corporation has a 1-year low of $283.28 and a 1-year high of $326.32. The stock has a market capitalization of $220.23 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.07 and a beta of 0.53. The business has a 50-day moving average price of $308.87 and a two-hundred day moving average price of $306.02.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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). McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the firm earned $3.23 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Company Profile

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.