Choate Investment Advisors Has $4.18 Million Position in McDonald’s (MCD)

Choate Investment Advisors trimmed its position in McDonald’s (NYSE:MCD) by 12.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,745 shares of the fast-food giant’s stock after selling 3,643 shares during the quarter. Choate Investment Advisors’ holdings in McDonald’s were worth $4,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Horan Capital Advisors LLC. purchased a new position in McDonald’s during the 3rd quarter valued at $104,000. Pinnacle Wealth Planning Services Inc. purchased a new position in McDonald’s during the 4th quarter valued at $109,000. Tarbox Family Office Inc. increased its position in McDonald’s by 105.8% during the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after purchasing an additional 328 shares during the period. Horan Capital Management purchased a new position in McDonald’s during the 4th quarter valued at $110,000. Finally, Certified Advisory Corp purchased a new position in McDonald’s during the 4th quarter valued at $121,000. 67.53% of the stock is currently owned by institutional investors.

Shares of McDonald’s stock opened at $161.48 on Tuesday. The stock has a market capitalization of $126.40 billion, a P/E ratio of 24.25, a PEG ratio of 2.37 and a beta of 0.63. McDonald’s has a 1 year low of $146.84 and a 1 year high of $178.70. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of -6.54.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, April 30th. The fast-food giant reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations 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 revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. analysts expect that McDonald’s will post 7.66 earnings per share for the current fiscal year.

A number of research analysts have issued reports on MCD shares. Goldman Sachs reissued a “buy” rating and set a $186.00 price objective on shares of McDonald’s in a research report on Friday, March 23rd. Wells Fargo set a $185.00 price objective on shares of McDonald’s and gave the company 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 price objective on the stock in a research report on Tuesday, May 1st. Bank of America set a $200.00 price objective on shares of McDonald’s and gave the company 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. Nine research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $184.03.

In related news, insider Douglas M. Goare sold 13,255 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. Also, EVP Kevin M. Ozan sold 18,636 shares of the company’s stock in a transaction dated 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 owns 29,800 shares in the company, valued at approximately $4,937,562. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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