Forsta AP Fonden Acquires 7,400 Shares of McDonald's Co. (NYSE:MCD)

Forsta AP Fonden grew its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 209,500 shares of the fast-food giant's stock after buying an additional 7,400 shares during the period. Forsta AP Fonden's holdings in McDonald's were worth $60,732,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kennebec Savings Bank bought a new stake in shares of McDonald's in the 3rd quarter valued at approximately $1,394,000. Charles Schwab Investment Management Inc. raised its stake in McDonald's by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock worth $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of McDonald's by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock valued at $14,978,000 after acquiring an additional 2,997 shares during the period. PFW Advisors LLC acquired a new stake in shares of McDonald's in the 4th quarter valued at $2,471,000. Finally, Weiss Asset Management LP bought a new stake in shares of McDonald's in the 3rd quarter worth about $16,870,000. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MCD shares. Loop Capital reaffirmed a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research note on Friday, January 3rd. Citigroup lifted their price objective on McDonald's from $334.00 to $336.00 and gave the company a "buy" rating in a research report on Tuesday. Barclays increased their target price on McDonald's from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on McDonald's from $315.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Bank of America raised their price objective on shares of McDonald's from $321.00 to $324.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $320.87.

Insider Buying and Selling

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. 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 through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm'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 transaction of $989,121.35. Following the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 7,406 shares of company stock valued at $2,150,857. Insiders own 0.23% of the company's stock.

McDonald's Price Performance

MCD stock traded down $1.49 during midday trading on Friday, reaching $288.83. 2,556,402 shares of the company were exchanged, compared to its average volume of 2,785,411. The firm has a market capitalization of $206.98 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73. The business has a 50-day moving average price of $291.12 and a two-hundred day moving average price of $289.51. McDonald's Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion for the quarter, compared to analysts' expectations of $6.82 billion. During the same period in the prior year, the firm earned $3.19 EPS. The business's revenue was up 2.7% on a year-over-year basis. As a group, analysts anticipate that McDonald's Co. will post 11.68 earnings per share 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.