Oppenheimer & Co. Inc. Acquires 2,939 Shares of McDonald's Co. (MCD)

Oppenheimer & Co. Inc. grew its holdings in shares of McDonald's Co. (NYSE:MCD) by 7.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 43,872 shares of the fast-food giant’s stock after purchasing an additional 2,939 shares during the period. Oppenheimer & Co. Inc.’s holdings in McDonald's were worth $6,861,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Berkshire Asset Management LLC PA raised its holdings in McDonald's by 6.3% in the 1st quarter. Berkshire Asset Management LLC PA now owns 119,729 shares of the fast-food giant’s stock worth $18,723,000 after acquiring an additional 7,107 shares during the last quarter. Alps Advisors Inc. raised its holdings in McDonald's by 411.6% in the 1st quarter. Alps Advisors Inc. now owns 8,457 shares of the fast-food giant’s stock worth $1,323,000 after acquiring an additional 6,804 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in McDonald's by 32.7% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 463,600 shares of the fast-food giant’s stock worth $72,498,000 after acquiring an additional 114,340 shares during the last quarter. Wealthstreet Investment Advisors LLC raised its holdings in McDonald's by 7.0% in the 1st quarter. Wealthstreet Investment Advisors LLC now owns 7,646 shares of the fast-food giant’s stock worth $1,195,000 after acquiring an additional 500 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in McDonald's by 192.6% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,369 shares of the fast-food giant’s stock worth $996,000 after acquiring an additional 4,192 shares during the last quarter. Hedge funds and other institutional investors own 67.90% of the company’s stock.

A number of equities research analysts have commented on MCD shares. Goldman Sachs reaffirmed a “buy” rating and issued a $186.00 target price on shares of McDonald's in a research report on Friday, March 23rd. Wells Fargo set a $185.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Royal Bank of Canada raised shares of McDonald's to an “outperform” rating and set a $175.00 target price for the company in a research report on Tuesday, May 1st. Bank of America set a $200.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Zacks Investment Research raised shares of McDonald's from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. Eight investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. McDonald's presently has a consensus rating of “Buy” and an average target price of $184.03.

Shares of MCD stock opened at $165.39 on Monday. The firm has a market cap of $129.86 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.44 and a beta of 0.63. The company has a quick ratio of 1.72, a current ratio of 1.74 and a debt-to-equity ratio of -6.54. McDonald's Co. has a 1 year low of $144.46 and a 1 year high of $178.70.

McDonald's (NYSE:MCD) last issued its earnings results on Monday, April 30th. The fast-food giant reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.12. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.97 billion. McDonald's had a net margin of 24.02% and a negative return on equity of 167.80%. McDonald's’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. sell-side analysts forecast that McDonald's Co. will post 7.67 earnings per share for the current fiscal year.

In related news, insider Douglas M. Goare sold 13,255 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total value of $2,192,377.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin M. Ozan sold 18,636 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the completion of the transaction, the executive vice president now directly owns 29,800 shares of the company’s stock, valued at approximately $4,937,562. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

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.

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

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