McDonald's Co. (NYSE:MCD) Position Lessened by Focused Investors LLC

Focused Investors LLC reduced its holdings in shares of McDonald's Co. (NYSE:MCD) by 2.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 769,800 shares of the fast-food giant’s stock after selling 23,200 shares during the period. McDonald's comprises 5.1% of Focused Investors LLC’s portfolio, making the stock its 9th biggest position. Focused Investors LLC owned about 0.10% of McDonald's worth $120,612,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board increased its holdings 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 valued at $68,805,000 after acquiring an additional 4,300 shares during the period. Legacy Capital Partners Inc. increased its holdings 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 valued at $3,390,000 after acquiring an additional 1,706 shares during the period. Teacher Retirement System of Texas increased its holdings 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 valued at $71,558,000 after acquiring an additional 44,899 shares during the period. Tredje AP fonden increased its holdings 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 valued at $18,454,000 after acquiring an additional 25,380 shares during the period. Finally, Beaton Management Co. Inc. purchased a new position in shares of McDonald's in the 2nd quarter valued at $555,000. 67.28% of the stock is owned by hedge funds and other institutional investors.

In related news, 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 sale, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares of the company’s stock, 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.

Shares of McDonald's Co. (NYSE MCD) traded up $0.18 during midday trading on Friday, hitting $173.57. The stock had a trading volume of 2,881,400 shares, compared to its average volume of 3,060,000. The firm has a market capitalization of $140,590.00, a PE ratio of 25.05, a P/E/G ratio of 2.75 and a beta of 0.67. McDonald's Co. has a twelve month low of $119.82 and a twelve month high of $175.78. 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 (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter last year, the company posted $1.62 earnings per share. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. sell-side analysts expect that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

Several brokerages recently weighed in on MCD. JPMorgan Chase & Co. set a $186.00 target price on McDonald's and gave the stock a “buy” rating in a research note on Friday. Goldman Sachs Group set a $190.00 target price on McDonald's and gave the stock a “buy” rating in a research note on Friday, January 5th. Nomura set a $190.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada set a $190.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Robert W. Baird set a $190.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $178.88.

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About McDonald's

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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