Candriam Luxembourg S.C.A. boosted its holdings in McDonald's Co. (NYSE:MCD) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,551 shares of the fast-food giant’s stock after buying an additional 3,529 shares during the period. Candriam Luxembourg S.C.A.’s holdings in McDonald's were worth $16,694,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Phocas Financial Corp. acquired a new position in McDonald's in the second quarter valued at approximately $107,000. Proficio Capital Partners LLC lifted its holdings in McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after buying an additional 5 shares during the period. Howe & Rusling Inc. lifted its holdings in McDonald's by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after buying an additional 360 shares during the period. Acrospire Investment Management LLC acquired a new position in McDonald's in the second quarter valued at approximately $153,000. Finally, Accurate Investment Solutions Inc. lifted its holdings in 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 valued at $160,000 after buying an additional 913 shares during the period. Institutional investors and hedge funds own 67.28% of the company’s stock.
In related news, insider Stephen Easterbrook sold 171,577 shares of the firm’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 sale, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares in the company, valued at $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) opened at $173.57 on Friday. McDonald's Co. has a twelve month low of $119.82 and a twelve month high of $175.78. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The company has a market cap of $140,590.00, a price-to-earnings ratio of 25.05, a P/E/G ratio of 2.75 and a beta of 0.67.
McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the business posted $1.62 earnings per share. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. analysts predict that McDonald's Co. will post 6.53 EPS for the current year.
MCD has been the topic of several analyst reports. Wells Fargo & Co set a $185.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Royal Bank of Canada set a $190.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Thursday, December 21st. Deutsche Bank set a $185.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Friday, October 20th. Canaccord Genuity restated a “hold” rating and issued a $170.00 price objective on shares of McDonald's in a report on Friday, October 6th. Finally, Goldman Sachs Group set a $180.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Tuesday, December 12th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $178.88.
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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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