From MarketBeat:

WealthShield Partners LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 145.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission, amassing 6,770 shares worth $1,783,000. Various other hedge funds have also recently purchased and sold shares of MCD. Hedge funds and other institutional investors now own 67.60% of the fast-food giant’s stock.

Several analysts weighed in on McDonald’s company, with a consensus rating of “Moderate Buy” and a consensus price target of $317.83. The stock has a one year low of $245.73 and a one year high of $299.35. The company has a market capitalization of $209.62 billion, a P/E ratio of 25.44, and a P/E/G ratio of 2.57.

McDonald’s last released its earnings results on Monday, October 30th, reporting $3.19 EPS for the quarter, beating the consensus estimate of $3.00 by $0.19. The company had revenue of $6.69 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Equities research analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

In other news, insider Joseph M. Erlinger sold 4,583 shares of McDonald’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. The transaction is accessible through the SEC website. In the last 90 days, insiders sold 13,557 shares of company stock valued at $3,745,656. Insiders own 0.27% of the company’s stock.

McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. The company’s restaurants offer various food and beverage items, including hamburgers, cheeseburgers, chicken sandwiches, french fries, salads, shakes, and breakfast items.



Read more: McDonald’s Co. (NYSE:MCD) Shares Purchased by WealthShield Partners LLC