Capricorn Fund Managers Ltd Has $5.03 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Capricorn Fund Managers Ltd boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,369 shares of the fast-food giant’s stock after buying an additional 1,715 shares during the quarter. McDonald’s makes up approximately 2.2% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 16th largest position. Capricorn Fund Managers Ltd’s holdings in McDonald’s were worth $5,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Transform Wealth LLC boosted its holdings in shares of McDonald’s by 74.5% during the 4th quarter. Transform Wealth LLC now owns 1,525 shares of the fast-food giant’s stock worth $442,000 after buying an additional 651 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in shares of McDonald’s by 21.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,589 shares of the fast-food giant’s stock worth $461,000 after acquiring an additional 284 shares during the period. Charles Schwab Trust Co grew its position in shares of McDonald’s by 27.4% in the fourth quarter. Charles Schwab Trust Co now owns 2,251 shares of the fast-food giant’s stock valued at $653,000 after purchasing an additional 484 shares during the last quarter. Solidarity Wealth LLC increased its stake in shares of McDonald’s by 1.1% during the fourth quarter. Solidarity Wealth LLC now owns 36,581 shares of the fast-food giant’s stock worth $10,604,000 after purchasing an additional 383 shares during the period. Finally, Royal Fund Management LLC lifted its holdings in McDonald’s by 103.7% during the 4th quarter. Royal Fund Management LLC now owns 31,640 shares of the fast-food giant’s stock worth $9,395,000 after purchasing an additional 16,111 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the 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 completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,605 shares of company stock worth $2,508,102 in the last quarter. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $282.85 on Wednesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market capitalization of $202.69 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73. The company has a fifty day moving average of $292.12 and a 200-day moving average of $287.72.

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

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Barclays lifted their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $321.22.

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.