Archford Capital Strategies LLC Reduces McDonald’s Co. Stake

Archford Capital Strategies LLC, an investment management firm, has reduced its stock position in McDonald’s Co. (NYSE:MCD) by 6.9% during the third quarter, as disclosed in its latest 13F filing with the Securities and Exchange Commission. The firm sold 345 shares of the fast-food leader, finalizing the quarter with 4,659 shares in McDonald’s. This strategic move resulted in Archford Capital’s stake in the company being valued at approximately $1.23 million.

Other Hedge Funds Alter McDonald’s Positions

Alongside Archford Capital, several other hedge funds have also made changes to their McDonald’s holdings. Horizon Bancorp Inc. IN significantly increased its stake by 160% in the second quarter, Retirement Group LLC initiated a new position in the fourth quarter, and Worth Asset Management LLC boosted its shares by an impressive 277.5% in the same timeframe. Additionally, VisionPoint Advisory Group LLC and Compass Wealth Management LLC each opened new positions in McDonald’s during the second and fourth quarters, respectively. Collectively, institutional investors hold a commanding 67.60% of McDonald’s stock.

Insider Activity at McDonald’s

Noteworthy insider transactions occurred as Joseph M. Erlinger, an insider at McDonald’s, sold a total of 13,557 company stocks in the last quarter, totaling over $3.74 million. These sales have provided a glimpse into the personal stake and stock movements of company insiders.

Analysts Provide Ratings on McDonald’s Stock

Various research analysts have recently weighed in on McDonald’s stock with price objective updates and recommendations. Citigroup adjusted their price target and maintained a 'neutral' rating, while Morgan Stanley slightly decreased their target but retained an 'overweight' rating. On a positive note, Piper Sandler and JPMorgan Chase & Co. increased their price objectives, and Truist Financial notably raised their target, issuing a 'buy' rating. The average analyst rating for McDonald’s stock stands as a 'Moderate Buy' with a consensus target price pointing to potential future growth.

McDonald’s Stock Performance

Trading data shows that McDonald’s stock began on a strong note, with a slight uptick in share price. The company’s financial health is solid, characterized by a stable market cap, earnings growth, and positive revenue outcomes for the recent quarter, as well as a notable year-over-year revenue increase of 14.0%. Analysts forecast a promising earnings per share projection for the current year.

The Company Behind the Golden Arches

McDonald’s Corporation is recognized globally for its extensive fast-food offerings, ranging from iconic hamburgers to breakfast items. The company's vast franchise network marks a significant footprint both in the United States and internationally.

Investment, McDonalds, Stocks