McDonald's Co. (NYSE:MCD) Position Trimmed by Viking Fund Management LLC

Viking Fund Management LLC reduced its position in shares of McDonald's Co. (NYSE:MCD) by 12.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,000 shares of the fast-food giant’s stock after selling 4,000 shares during the quarter. Viking Fund Management LLC’s holdings in McDonald's were worth $4,387,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MCD. Assenagon Asset Management S.A. bought a new position in McDonald's during the third quarter valued at $33,045,000. Howe & Rusling Inc. boosted its stake in shares of McDonald's by 75.0% during the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after purchasing an additional 360 shares during the period. Lynch & Associates IN boosted its stake in shares of McDonald's by 3.1% during the third quarter. Lynch & Associates IN now owns 29,451 shares of the fast-food giant’s stock valued at $4,614,000 after purchasing an additional 897 shares during the period. Moloney Securities Asset Management LLC boosted its stake in shares of McDonald's by 5.5% during the third quarter. Moloney Securities Asset Management LLC now owns 7,859 shares of the fast-food giant’s stock valued at $1,231,000 after purchasing an additional 408 shares during the period. Finally, Shell Asset Management Co. boosted its stake in shares of McDonald's by 80.7% during the third quarter. Shell Asset Management Co. now owns 488,339 shares of the fast-food giant’s stock valued at $46,299,000 after purchasing an additional 218,061 shares during the period. Hedge funds and other institutional investors own 67.28% of the company’s stock.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred on 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 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. 0.24% of the stock is owned by insiders.

MCD has been the subject of a number of research reports. Goldman Sachs Group set a $172.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research note on Friday, October 13th. Longbow Research raised shares of McDonald's from a “neutral” rating to a “buy” rating and increased their price target for the company from $154.05 to $183.00 in a research report on Thursday, September 28th. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Tuesday, September 26th. Credit Suisse Group set a $170.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, September 20th. Finally, Sanford C. Bernstein set a $180.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Tuesday, September 19th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $178.52.

McDonald's Co. (NYSE:MCD) traded down $0.12 during midday trading on Thursday, reaching $173.39. The company’s stock had a trading volume of 3,069,000 shares, compared to its average volume of 3,050,000. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The firm has a market cap of $140,450.00, a P/E ratio of 25.02, a P/E/G ratio of 2.61 and a beta of 0.67. McDonald's Co. has a 52 week low of $119.82 and a 52 week high of $175.78.

McDonald's (NYSE:MCD) last announced its quarterly earnings data 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 business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. sell-side analysts anticipate that McDonald's Co. will post 6.53 EPS for the current fiscal year.

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McDonald's 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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