McHugh Group LLC Invests $1.77 Million in McDonald’s Co. (NYSE:MCD)

McHugh Group LLC acquired a new position in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,087 shares of the fast-food giant’s stock, valued at approximately $1,765,000. McDonald’s accounts for approximately 1.3% of McHugh Group LLC’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds also recently modified their holdings of MCD. Geode Capital Management LLC lifted its stake in McDonald’s by 1.4% in the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after acquiring an additional 220,365 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of McDonald’s by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after purchasing an additional 128,800 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the period. Janus Henderson Group PLC increased its stake in McDonald’s by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after acquiring an additional 19,867 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after buying an additional 2,311,721 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. BMO Capital Markets lifted their price objective on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley reduced their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, KeyCorp lowered their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $319.57.

McDonald’s Stock Performance

Shares of MCD opened at $288.49 on Thursday. The company has a 50 day moving average price of $290.75 and a 200-day moving average price of $290.37. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market capitalization of $206.74 billion, a PE ratio of 25.33, a PEG ratio of 3.83 and a beta of 0.74.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock valued at $2,150,857 over the last ninety days. 0.23% of the stock is currently owned by insiders.

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.