Alpha Omega Wealth Management LLC decreased its position in shares of McDonald's Co. (NYSE:MCD) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,071 shares of the fast-food giant’s stock after selling 711 shares during the quarter. McDonald's accounts for approximately 1.8% of Alpha Omega Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Alpha Omega Wealth Management LLC’s holdings in McDonald's were worth $3,615,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Phocas Financial Corp. bought a new position in shares of McDonald's in the second quarter worth about $107,000. Proficio Capital Partners LLC lifted its holdings in shares of McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 5 shares during the last quarter. Howe & Rusling Inc. lifted its holdings in shares of McDonald's by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after acquiring an additional 360 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of McDonald's in the second quarter worth about $153,000. Finally, Accurate Investment Solutions Inc. lifted its holdings in shares of McDonald's by 861.3% in the third quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock worth $160,000 after acquiring an additional 913 shares during the last quarter. 67.28% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the stock. ValuEngine cut shares of McDonald's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Goldman Sachs Group set a $180.00 target price on shares of McDonald's and gave the stock a “buy” rating in a report on Tuesday, December 12th. Robert W. Baird reissued an “outperform” rating and issued a $170.00 target price on shares of McDonald's in a report on Tuesday, October 3rd. Royal Bank of Canada increased their target price on shares of McDonald's from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. Finally, Longbow Research raised shares of McDonald's from a “neutral” rating to a “buy” rating and increased their target price for the stock from $154.05 to $183.00 in a report on Thursday, September 28th. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $178.88.
McDonald's Co. (NYSE:MCD) opened at $173.57 on Friday. The stock has a market cap of $140,590.00, a P/E ratio of 25.05, a P/E/G ratio of 2.75 and a beta of 0.67. McDonald's Co. has a fifty-two week low of $119.82 and a fifty-two week high of $175.78. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.
McDonald's (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 EPS. equities analysts expect that McDonald's Co. will post 6.53 earnings per share for the current year.
In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred 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 owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
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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.
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