Fluent Financial Takes Bite Out of MCD

Fluent Financial LLC has acquired a new position in McDonald's Corporation (NYSE:MCD), according to its most recent filing with the SEC. The company purchased 4,389 shares of the fast-food giant's stock, valued at approximately $1,186,000.

This is not an isolated incident, as several other hedge funds have also added to or reduced their stakes in MCD during the quarter. Vanguard Group Inc., for instance, grew its stake in shares of McDonald's by 1% during the fourth quarter, increasing its ownership to 72,351,127 shares valued at $22,112,675,000.

However, not all analysts are optimistic about McDonald's future prospects. Morgan Stanley has lowered its price target on the company's stock to $319, while RBC and Robert W. Baird have issued pessimistic outlooks. Nevertheless, some analysts believe that the recent selloff is excessive and expect a recovery.