Decatur Capital Management Inc. Decreases Stake in McDonald's Co. (NYSE:MCD)

Decatur Capital Management Inc. lowered its position in shares of McDonald's Co. (NYSE:MCD) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,037 shares of the fast-food giant’s stock after selling 5,500 shares during the quarter. McDonald's comprises 2.0% of Decatur Capital Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Decatur Capital Management Inc.’s holdings in McDonald's were worth $10,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jennison Associates LLC lifted its position in McDonald's by 681.3% in the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after acquiring an additional 5,327,778 shares in the last quarter. Janus Henderson Group PLC lifted its position in McDonald's by 3,951.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after acquiring an additional 4,313,253 shares in the last quarter. FMR LLC lifted its position in McDonald's by 72.9% in the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after acquiring an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. lifted its position in McDonald's by 69.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after acquiring an additional 3,110,669 shares in the last quarter. Finally, BlackRock Inc. lifted its position in McDonald's by 3.0% in the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after acquiring an additional 1,586,761 shares in the last quarter. 67.28% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the business’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 transaction, the insider now 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 insiders.

McDonald's Co. (NYSE:MCD) opened at $173.39 on Friday. McDonald's Co. has a 52-week low of $119.82 and a 52-week high of $175.78. The stock has a market cap of $140,450.00, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald's (NYSE:MCD) last announced its quarterly 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. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the previous year, the company earned $1.62 earnings per share. McDonald's’s quarterly revenue was down 10.4% on a year-over-year basis. equities research analysts expect that McDonald's Co. will post 6.53 EPS for the current fiscal year.

Several equities research analysts have commented on MCD shares. Jefferies Group upgraded shares of McDonald's from a “hold” rating to a “buy” rating and increased their price objective for the company from $150.00 to $200.00 in a research note on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research note on Wednesday, November 8th. Deutsche Bank set a $185.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research note on Thursday, October 26th. Credit Suisse Group raised their price target on shares of McDonald's from $170.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research lowered shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company currently has an average 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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