First Merchants Corp Invests $803,000 in McDonald's Co. (MCD)

First Merchants Corp purchased a new position in McDonald's Co. (NYSE:MCD) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,125 shares of the fast-food giant’s stock, valued at approximately $803,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MCD. Proficio Capital Partners LLC raised its holdings in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in McDonald's by 0.4% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after acquiring an additional 5 shares in the last quarter. Highland Private Wealth Management raised its holdings in McDonald's by 0.3% in the 2nd quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after acquiring an additional 6 shares in the last quarter. Winch Advisory Services LLC raised its holdings in McDonald's by 0.4% in the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after acquiring an additional 7 shares in the last quarter. Finally, Valmark Advisers Inc. grew its stake in shares of McDonald's by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares during the period. 67.28% of the stock is owned by institutional investors and hedge funds.

In other news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated 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 owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

McDonald's Co. (NYSE:MCD) traded up $0.18 during mid-day trading on Friday, reaching $173.57. The company’s stock had a trading volume of 2,901,367 shares, compared to its average volume of 3,060,000. The company has a market cap of $140,590.00, a PE ratio of 25.05, a PEG ratio of 2.75 and a beta of 0.67. 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 Co. has a 52-week low of $119.82 and a 52-week high of $175.78.

McDonald's (NYSE:MCD) last released its earnings results 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 firm 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 company’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 EPS. equities analysts expect that McDonald's Co. will post 6.53 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. set a $186.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Friday. Robert W. Baird reiterated an “outperform” rating and issued a $170.00 price objective on shares of McDonald's in a research note on Tuesday, October 3rd. Zacks Investment Research lowered McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Sanford C. Bernstein set a $180.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Finally, UBS Group set a $170.00 price target on McDonald's and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. McDonald's has a consensus rating of “Buy” and an average target price of $178.88.

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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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