Crossmark Global Holdings Inc. Buys New Stake in McDonald's Co. (NYSE:MCD)

Crossmark Global Holdings Inc. bought a new position in shares of McDonald's Co. (NYSE:MCD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 151,705 shares of the fast-food giant’s stock, valued at approximately $23,769,000. McDonald's makes up approximately 0.6% of Crossmark Global Holdings Inc.’s portfolio, making the stock its 23rd biggest position.

Several other hedge funds have also recently bought and sold shares of MCD. Canada Pension Plan Investment Board lifted its stake in 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 buying an additional 4,300 shares in the last quarter. Legacy Capital Partners Inc. lifted its stake in 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 worth $3,390,000 after purchasing an additional 1,706 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in 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 worth $71,558,000 after purchasing an additional 44,899 shares in the last quarter. Tredje AP fonden lifted its stake in McDonald's by 26.7% in the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after purchasing an additional 25,380 shares in the last quarter. Finally, Beaton Management Co. Inc. purchased a new position in McDonald's in the 2nd quarter worth approximately $555,000. 67.28% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Co. (MCD) opened at $173.57 on Friday. 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 Co. has a 1 year low of $119.82 and a 1 year high of $175.78. The company has a market cap of $140,590.00, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter last year, the company posted $1.62 EPS. The firm’s revenue was down 10.4% compared to the same quarter last year. equities research analysts forecast that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the stock. Credit Suisse Group reissued an “outperform” rating and issued a $185.00 target price (up from $178.00) on shares of McDonald's in a research note on Tuesday, December 19th. Goldman Sachs Group set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Friday, January 5th. Cowen reissued a “buy” rating and issued a $200.00 target price on shares of McDonald's in a research note on Friday, January 5th. Piper Jaffray Companies raised their target price on shares of McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Finally, JPMorgan Chase & Co. set a $186.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $178.88.

In related news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

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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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