Royal Fund Management LLC Has $9.40 Million Stock Position in McDonald's Co. (NYSE:MCD)

Royal Fund Management LLC boosted its position in McDonald's Co. (NYSE:MCD - Free Report) by 103.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,640 shares of the fast-food giant's stock after purchasing 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 largest 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 institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald's during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald's during the third quarter valued at $31,000. Hara Capital LLC acquired a new position in shares of McDonald's in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. purchased a new position in McDonald's in the 3rd quarter worth about $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald's during the 3rd quarter worth approximately $72,000. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock worth $2,829,428 in the last quarter. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MCD. The Goldman Sachs Group lifted their price target on McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a report on Tuesday, September 24th. Guggenheim cut McDonald's from a "buy" rating to a "neutral" rating and lowered their target price for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Truist Financial decreased their target price on shares of McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Robert W. Baird lowered shares of McDonald's from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, Bank of America raised their target price on McDonald's from $321.00 to $324.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.22.

McDonald's Price Performance

Shares of MCD traded up $1.90 on Tuesday, hitting $282.85. The company's stock had a trading volume of 3,852,565 shares, compared to its average volume of 3,112,984. The company has a 50 day moving average price of $292.12 and a 200 day moving average price of $287.72. The company has a market capitalization of $202.69 billion, a PE ratio of 24.83, a PEG ratio of 3.65 and a beta of 0.73. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.19 earnings per share. On average, equities analysts forecast that McDonald's Co. will post 11.73 EPS for the current 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.