Keybank National Association OH Lowers Stake in McDonald's Co. (MCD)

Keybank National Association OH cut its holdings in McDonald's Co. (NYSE:MCD) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 718,358 shares of the fast-food giant’s stock after selling 13,770 shares during the quarter. Keybank National Association OH owned approximately 0.09% of McDonald's worth $112,553,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MCD. Jennison Associates LLC boosted its position in McDonald's by 681.3% during the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after acquiring an additional 5,327,778 shares during the last quarter. Janus Henderson Group PLC boosted its position in McDonald's by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after acquiring an additional 4,313,253 shares during the last quarter. FMR LLC boosted its position in McDonald's by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after acquiring an additional 3,530,622 shares during the last quarter. Alliancebernstein L.P. boosted its position in McDonald's by 69.9% during the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after acquiring an additional 3,110,669 shares during the last quarter. Finally, BlackRock Inc. boosted its position in McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after acquiring an additional 1,586,761 shares during the last quarter. Institutional investors and hedge funds own 67.28% of the company’s stock.

In other news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

McDonald's Co. (NYSE MCD) opened at $173.51 on Thursday. McDonald's Co. has a one year low of $119.82 and a one year high of $175.78. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The company has a market cap of $140,540.00, a price-to-earnings ratio of 25.04, a PEG ratio of 2.61 and a beta of 0.67.

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

A number of brokerages recently issued reports on MCD. Nomura set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Goldman Sachs Group set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research report on Friday, January 5th. SunTrust Banks set a $187.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Robert W. Baird set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. McDonald's presently has a consensus rating of “Buy” and an average price target of $178.52.

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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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