Ashfield Capital Partners LLC Boosts Position in McDonald's Co. (MCD)

Ashfield Capital Partners LLC raised its holdings in McDonald's Co. (NYSE:MCD) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,553 shares of the fast-food giant’s stock after acquiring an additional 727 shares during the quarter. Ashfield Capital Partners LLC’s holdings in McDonald's were worth $6,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Jennison Associates LLC lifted its stake in McDonald's by 681.3% in the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after acquiring an additional 5,327,778 shares during the last quarter. Janus Henderson Group PLC lifted its stake in McDonald's by 3,951.0% in the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after acquiring an additional 4,313,253 shares during the last quarter. FMR LLC lifted its stake in McDonald's by 72.9% in the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after acquiring an additional 3,530,622 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of McDonald's by 69.9% in the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after purchasing an additional 3,110,669 shares during the period. Finally, BlackRock Inc. raised its position in shares of McDonald's by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after purchasing an additional 1,586,761 shares during the period. Hedge funds and other institutional investors own 67.30% of the company’s stock.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of McDonald'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 owns 49,778 shares in the company, valued at $8,378,632.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James R. Sappington sold 8,046 shares of McDonald'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 approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Shares of McDonald's Co. (NYSE:MCD) opened at $176.21 on Tuesday. McDonald's Co. has a 52 week low of $119.82 and a 52 week high of $176.83. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The firm has a market cap of $142,730.00, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 2.78 and a beta of 0.67.

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

A number of equities analysts have recently commented on MCD shares. Barclays set a $182.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Wednesday, October 18th. Argus reissued a “buy” rating on shares of McDonald's in a research report on Tuesday, October 17th. Nomura set a $183.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Tuesday, October 17th. Goldman Sachs Group set a $172.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, SunTrust Banks reissued a “buy” rating and issued a $178.00 price target on shares of McDonald's in a research report on Thursday, October 12th. Nine analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. McDonald's presently has a consensus rating of “Buy” and an average target price of $179.68.

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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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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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