Strategy Asset Managers LLC Decreases Holdings in McDonald's Co. (MCD)

Strategy Asset Managers LLC lowered its stake in shares of McDonald's Co. (NYSE:MCD) by 87.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,709 shares of the fast-food giant’s stock after selling 19,211 shares during the period. Strategy Asset Managers LLC’s holdings in McDonald's were worth $424,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MCD. Proficio Capital Partners LLC lifted its stake in shares of McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of McDonald's by 0.4% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after purchasing an additional 5 shares during the last quarter. Highland Private Wealth Management lifted its stake in shares of McDonald's by 0.3% in the 2nd quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after purchasing an additional 6 shares during the last quarter. Winch Advisory Services LLC lifted its stake in shares of McDonald's by 0.4% in the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after purchasing an additional 7 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its stake in shares of McDonald's by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares during the last quarter. 67.30% of the stock is owned by institutional investors.

In other news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 49,778 shares in the company, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

McDonald's Co. (MCD) opened at $174.98 on Thursday. 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 stock has a market cap of $141,730.00, a PE ratio of 25.25, a PEG ratio of 2.75 and a beta of 0.67.

McDonald's (NYSE:MCD) last posted 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 net margin of 24.19% and a negative return on equity of 216.45%. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The business’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 year.

MCD has been the subject 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 research note 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 research note 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 research note on Friday, October 20th. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 price objective on shares of McDonald's in a research note on Friday, October 6th. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $179.28.

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McDonald's 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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