J2 Capital Management Inc Buys Shares of 1,860 McDonald’s Co. (NYSE:MCD)

J2 Capital Management Inc acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,860 shares of the fast-food giant’s stock, valued at approximately $539,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC increased its position in shares of McDonald’s by 13.9% during the 4th quarter. Aaron Wealth Advisors LLC now owns 5,571 shares of the fast-food giant’s stock valued at $1,615,000 after purchasing an additional 678 shares during the last quarter. Riversedge Advisors LLC grew its position in McDonald’s by 5.2% during the fourth quarter. Riversedge Advisors LLC now owns 1,773 shares of the fast-food giant’s stock valued at $514,000 after buying an additional 87 shares during the period. Astoria Portfolio Advisors LLC. grew its position in McDonald’s by 19.9% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 4,366 shares of the fast-food giant’s stock valued at $1,229,000 after buying an additional 726 shares during the period. HB Wealth Management LLC increased its holdings in McDonald’s by 6.4% during the fourth quarter. HB Wealth Management LLC now owns 62,952 shares of the fast-food giant’s stock valued at $18,249,000 after buying an additional 3,795 shares during the last quarter. Finally, Financial & Tax Architects LLC raised its position in McDonald’s by 3.9% in the fourth quarter. Financial & Tax Architects LLC now owns 22,982 shares of the fast-food giant’s stock worth $6,662,000 after acquiring an additional 856 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted 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. KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Evercore ISI boosted their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company raised their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $321.39.

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s 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 transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock valued at $2,829,428 in the last ninety days. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

NYSE:MCD opened at $280.90 on Friday. The firm has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. The business has a 50 day simple moving average of $292.54 and a 200-day simple moving average of $286.97. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the business posted $3.19 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal 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.