Andreas Halvorsen’s Viking Global Portfolio: 5 New Stock Picks

3. McDonald’s Corporation (NYSE:MCD

Viking Global’s Stake Value: $720,994,000

Percentage of Viking Global’s 13F Portfolio: 2.00%

Number of Hedge Fund Holders: 58

McDonald’s Corporation (NYSE:MCD) is an American fast food company that operates in over 100 countries, serving millions of customers daily. In Q3 2021, Andreas Halvorsen acquired 2.99 million McDonald’s Corporation (NYSE:MCD) shares, valued at almost $721 million, representing 2% of his total investments. 

McDonald’s Corporation (NYSE:MCD) announced Q3 results on October 27, posting an EPS of $2.76, beating estimates by $0.29. The $6.20 billion quarterly revenue was up 14.46% from the prior-year quarter, surpassing estimates by $158.29 million. 

After the strong Q3 results, Credit Suisse analyst Lauren Silberman on October 28 raised the price target on McDonald’s Corporation (NYSE:MCD) to $281 from $271 and kept an Outperform rating on the shares.

One of the leading McDonald’s Corporation (NYSE:MCD) stakeholders from Q3 is Ray Dalio’s Bridgewater Associates, holding 1.45 million shares worth $351.6 million. Overall, 58 hedge funds reported owning stakes in McDonald’s Corporation (NYSE:MCD) at September end, valued at $3.33 billion.