Heck Capital Advisors LLC Buys Shares of 3,076 McDonald’s Co. (NYSE:MCD)

Heck Capital Advisors LLC purchased a new position in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,076 shares of the fast-food giant’s stock, valued at approximately $892,000.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new position in McDonald’s in the third quarter worth $58,000. Finally, FSA Wealth Management LLC acquired a new position in shares of McDonald’s during the third quarter worth $72,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Truist Financial dropped their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Evercore ISI lifted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Ten 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, the company has an average rating of “Moderate Buy” and an average price target of $320.87.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $288.83 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a market cap of $206.98 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73. The firm has a 50-day simple moving average of $291.15 and a two-hundred day simple moving average of $289.25.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that McDonald’s Co. will post 11.68 EPS for the current year.

McDonald’s 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.