McDonald's Co. (MCD) Holdings Reduced by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp decreased its stake in shares of McDonald's Co. (NYSE:MCD) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 300,048 shares of the fast-food giant’s stock after selling 3,674 shares during the period. McDonald's comprises approximately 4.5% of Obermeyer Wood Investment Counsel Lllp’s holdings, making the stock its 6th largest position. Obermeyer Wood Investment Counsel Lllp’s holdings in McDonald's were worth $51,644,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Tarbox Family Office Inc. grew its stake in shares of McDonald's by 105.8% in the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after purchasing an additional 328 shares during the last quarter. Chevy Chase Trust Holdings Inc. grew its stake in shares of McDonald's by 0.5% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 808,477 shares of the fast-food giant’s stock worth $126,673,000 after purchasing an additional 3,876 shares during the last quarter. Front Row Advisors LLC acquired a new position in shares of McDonald's in the 4th quarter worth approximately $651,000. Quantitative Systematic Strategies LLC grew its stake in shares of McDonald's by 285.6% in the 4th quarter. Quantitative Systematic Strategies LLC now owns 13,430 shares of the fast-food giant’s stock worth $2,312,000 after purchasing an additional 9,947 shares during the last quarter. Finally, Barber Financial Group Inc. grew its stake in shares of McDonald's by 51.3% in the 4th quarter. Barber Financial Group Inc. now owns 2,057 shares of the fast-food giant’s stock worth $354,000 after purchasing an additional 697 shares during the last quarter. 68.49% of the stock is currently owned by hedge funds and other institutional investors.

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MCD stock opened at $161.81 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04. The company has a market cap of $128,414.70, a P/E ratio of 24.30, a P/E/G ratio of 2.44 and a beta of 0.64. McDonald's Co. has a 52 week low of $132.34 and a 52 week high of $178.70.

McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the consensus estimate of $1.59 by $0.12. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. analysts anticipate that McDonald's Co. will post 7.58 earnings per share for the current year.

MCD has been the topic of several recent research reports. Royal Bank of Canada set a $190.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $194.00 price objective on the stock in a research note on Tuesday, January 2nd. Nomura set a $190.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Robert W. Baird set a $190.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus set a $172.00 price objective on shares of McDonald's and gave the stock a “neutral” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $183.16.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

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About McDonald's

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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