McDonald's Co. (NYSE:MCD) Position Cut by Boston Financial Mangement LLC

Boston Financial Mangement LLC lowered its position in McDonald's Co. (NYSE:MCD) by 26.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,391 shares of the fast-food giant’s stock after selling 7,188 shares during the quarter. Boston Financial Mangement LLC’s holdings in McDonald's were worth $3,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board raised its holdings in shares of McDonald's by 1.0% during the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after acquiring an additional 4,300 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of McDonald's by 10.6% during the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after acquiring an additional 44,899 shares in the last quarter. Tredje AP fonden increased its holdings in shares of McDonald's by 26.7% during the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after acquiring an additional 25,380 shares in the last quarter. Beaton Management Co. Inc. bought a new position in shares of McDonald's during the second quarter valued at $555,000. Finally, Buckingham Asset Management LLC increased its holdings in shares of McDonald's by 157.5% during the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 11,604 shares in the last quarter. 67.28% of the stock is owned by institutional investors and hedge funds.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on MCD. Credit Suisse Group restated an “outperform” rating and set a $185.00 price target (up from $178.00) on shares of McDonald's in a report on Tuesday, December 19th. Goldman Sachs Group set a $190.00 price objective on McDonald's and gave the company a “buy” rating in a research report on Friday, January 5th. Cowen reissued a “buy” rating and issued a $200.00 target price on shares of McDonald's in a research report on Friday, January 5th. Piper Jaffray Companies raised their target price on McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Finally, Stifel Nicolaus set a $172.00 target price on McDonald's and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $178.52.

Shares of McDonald's Co. (NYSE MCD) opened at $173.51 on Thursday. The stock has a market capitalization of $140,540.00, a P/E ratio of 25.04, a P/E/G ratio of 2.61 and a beta of 0.67. McDonald's Co. has a 12 month low of $119.82 and a 12 month high of $175.78. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. equities analysts forecast that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

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McDonald's Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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