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Daytona Street Capital LLC Purchases New Position in McDonald's Corporation $MCD
Daytona Street Capital LLC has initiated a new position in McDonald’s Corporation, acquiring 8,422 shares valued at approximately $2.57 million in the fourth quarter, making it their 18th largest holding. The move comes as McDonald’s exceeded Q4 earnings estimates with an EPS of $3.12 and revenue of $7.01 billion, with analysts generally holding a positive outlook and an average price target of $339.69. The article also highlights recent analyst price target increases and various news items impacting the company, including its return to value-pricing.