Royal Fund Management LLC Purchases 16,111 Shares of McDonald’s Co. (NYSE:MCD)

Royal Fund Management LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 103.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,640 shares of the fast-food giant’s stock after buying an additional 16,111 shares during the period. McDonald’s makes up about 0.9% of Royal Fund Management LLC’s portfolio, making the stock its 20th biggest holding. Royal Fund Management LLC’s holdings in McDonald’s were worth $9,395,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $98,000. Mitchell & Pahl Private Wealth LLC lifted its stake in shares of McDonald’s by 4.8% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,878 shares of the fast-food giant’s stock valued at $2,864,000 after purchasing an additional 450 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of McDonald’s by 0.9% in the 4th quarter. Ballentine Partners LLC now owns 17,208 shares of the fast-food giant’s stock valued at $4,988,000 after purchasing an additional 151 shares during the last quarter. Pure Financial Advisors LLC lifted its stake in shares of McDonald’s by 15.3% in the 4th quarter. Pure Financial Advisors LLC now owns 3,781 shares of the fast-food giant’s stock valued at $1,096,000 after purchasing an additional 502 shares during the last quarter. Finally, Tudor Financial Inc. lifted its stake in shares of McDonald’s by 9.4% in the 4th quarter. Tudor Financial Inc. now owns 1,415 shares of the fast-food giant’s stock valued at $410,000 after purchasing an additional 122 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MCD shares. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Bank of America increased their price target on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. The Goldman Sachs Group increased their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, Truist Financial reduced their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Activity

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred 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 owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock valued at $2,829,428 in the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of MCD opened at $280.90 on Tuesday. The stock has a 50-day moving average of $292.54 and a two-hundred day moving average of $287.50. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market cap of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.65 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 EPS. Analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Company Profile

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.