Inverness Counsel LLC NY grew its position in McDonald's Co. (NYSE:MCD) by 14.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,784 shares of the fast-food giant’s stock after acquiring an additional 10,312 shares during the quarter. Inverness Counsel LLC NY’s holdings in McDonald's were worth $13,127,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of MCD. Canada Pension Plan Investment Board boosted its position in shares of McDonald's by 1.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after purchasing an additional 4,300 shares during the last quarter. Legacy Capital Partners Inc. boosted its position in shares of McDonald's by 7.0% in the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after purchasing an additional 1,706 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of McDonald's by 10.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after purchasing an additional 44,899 shares during the last quarter. Tredje AP fonden boosted its position in shares of McDonald's by 26.7% in the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after purchasing an additional 25,380 shares during the last quarter. Finally, Beaton Management Co. Inc. bought a new position in McDonald's during the second quarter worth about $555,000. 67.28% of the stock is owned by institutional investors and hedge funds.
Shares of McDonald's Co. (MCD) traded down $0.12 on Thursday, reaching $173.39. 3,077,963 shares of the company’s stock were exchanged, compared to its average volume of 2,994,948. The company has a market capitalization of $140,450.00, a PE ratio of 25.02, a P/E/G ratio of 2.61 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. McDonald's Co. has a twelve month low of $119.82 and a twelve month high of $175.78.
McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The business’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. research analysts forecast that McDonald's Co. will post 6.53 EPS for the current fiscal year.
Several analysts have issued reports on the company. ValuEngine downgraded McDonald's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Goldman Sachs Group set a $180.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Robert W. Baird restated an “outperform” rating and set a $170.00 price objective on shares of McDonald's in a report on Tuesday, October 3rd. Royal Bank of Canada boosted their price objective on McDonald's from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. Finally, Longbow Research upgraded McDonald's from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $154.05 to $183.00 in a report on Thursday, September 28th. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. McDonald's presently has a consensus rating of “Buy” and an average price target of $178.52.
In related news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
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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.
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