Vantage Point Financial LLC Buys Shares of 2,469 McDonald’s Co. (NYSE:MCD)

Vantage Point Financial LLC purchased a new position in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,469 shares of the fast-food giant’s stock, valued at approximately $716,000.

Other large investors have also bought and sold shares of the company. Czech National Bank lifted its stake in McDonald’s by 6.4% in the third quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock valued at $44,498,000 after buying an additional 8,797 shares during the period. GAMMA Investing LLC boosted its stake in McDonald’s by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 8,301 shares of the fast-food giant’s stock worth $2,528,000 after acquiring an additional 1,534 shares during the last quarter. Diversified Trust Co grew its holdings in McDonald’s by 2.0% during the third quarter. Diversified Trust Co now owns 8,078 shares of the fast-food giant’s stock valued at $2,460,000 after purchasing an additional 161 shares during the period. Everpar Advisors LLC increased its stake in McDonald’s by 13.0% in the third quarter. Everpar Advisors LLC now owns 2,630 shares of the fast-food giant’s stock valued at $801,000 after purchasing an additional 302 shares in the last quarter. Finally, Smith Anglin Financial LLC raised its holdings in McDonald’s by 2.0% in the third quarter. Smith Anglin Financial LLC now owns 2,743 shares of the fast-food giant’s stock worth $835,000 after purchasing an additional 53 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MCD shares. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Citigroup lifted their price objective on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, UBS Group lifted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $320.87.

McDonald’s Trading Up 0.5 %

MCD stock opened at $290.25 on Tuesday. The firm has a market cap of $208.00 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 3.83 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The stock has a 50-day moving average price of $291.12 and a 200-day moving average price of $289.94.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

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.