Penserra Capital Management LLC bought a new position in shares of McDonald's Co. (NYSE:MCD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,371 shares of the fast-food giant’s stock, valued at approximately $528,000.
Other hedge funds have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new position in McDonald's in the second quarter valued at $322,000. Phocas Financial Corp. acquired a new position in McDonald's in the second quarter valued at $107,000. Proficio Capital Partners LLC boosted its stake 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 acquiring an additional 5 shares in the last quarter. Howe & Rusling Inc. boosted its stake 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 acquiring an additional 360 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in McDonald's in the second quarter valued at $153,000. Hedge funds and other institutional investors own 67.28% of the company’s stock.
In other news, 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 value of $1,327,590.00. Following the sale, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
MCD has been the subject of several research analyst reports. Canaccord Genuity restated a “hold” rating and issued a $170.00 price objective on shares of McDonald's in a research note on Friday, October 6th. Nomura set a $180.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research note on Wednesday, October 25th. Stifel Nicolaus set a $172.00 price objective on shares of McDonald's and gave the company a “neutral” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies upped their target price on shares of McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, December 14th. Finally, Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $200.00 in a report on Tuesday, December 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company presently 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. McDonald's Co. has a 1-year low of $119.82 and a 1-year high of $175.78. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The stock has a market cap of $140,590.00, a PE 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 earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ 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 period last year, the company posted $1.62 earnings per share. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. equities research analysts anticipate that McDonald's Co. will post 6.53 EPS for the current year.
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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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