Versant Capital Management Inc Buys 361 Shares of McDonald’s Co. (NYSE:MCD)

Versant Capital Management Inc raised its position in McDonald’s Co. (NYSE:MCD) by 49.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,093 shares of the fast-food giant’s stock after buying an additional 361 shares during the period. Versant Capital Management Inc’s holdings in McDonald’s were worth $317,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Independent Solutions Wealth Management LLC grew its position in shares of McDonald’s by 13.8% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 8,939 shares of the fast-food giant’s stock worth $2,722,000 after buying an additional 1,081 shares during the period. Lord Abbett & CO. LLC grew its holdings in McDonald’s by 0.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 280,204 shares of the fast-food giant’s stock worth $85,325,000 after acquiring an additional 1,263 shares during the period. Legacy Wealth Management LLC MS raised its position in shares of McDonald’s by 6.4% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 5,423 shares of the fast-food giant’s stock valued at $1,651,000 after acquiring an additional 328 shares during the last quarter. Birmingham Capital Management Co. Inc. AL lifted its stake in shares of McDonald’s by 2.3% in the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 36,313 shares of the fast-food giant’s stock valued at $11,058,000 after purchasing an additional 807 shares during the period. Finally, DGS Capital Management LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $215,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on MCD shares. Truist Financial dropped their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Barclays boosted their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Twelve analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.65.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This represents a 44.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,050 shares of company stock valued at $3,556,688. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

NYSE:MCD opened at $294.78 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market cap of $211.25 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.95 and a beta of 0.73. The stock’s 50-day simple moving average is $294.57 and its 200 day simple moving average is $284.66.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm 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 business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 EPS. As a group, equities analysts predict that McDonald’s Co. will post 11.75 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.