Searle & CO. decreased its position in Mcdonald’s Corp (NYSE:MCD) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,450 shares of the fast-food giant’s stock after selling 100 shares during the period. Mcdonald’s accounts for 2.2% of Searle & CO.’s portfolio, making the stock its 9th largest position. Searle & CO.’s holdings in Mcdonald’s were worth $4,041,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. WCM Investment Management LLC bought a new position in Mcdonald’s during the third quarter worth about $164,557,000. BlackRock Inc. raised its position in shares of Mcdonald’s by 1.1% in the 2nd quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock valued at $10,550,339,000 after acquiring an additional 545,903 shares during the period. California Public Employees Retirement System raised its position in shares of Mcdonald’s by 14.5% in the 2nd quarter. California Public Employees Retirement System now owns 3,977,261 shares of the fast-food giant’s stock valued at $825,918,000 after acquiring an additional 502,349 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Mcdonald’s during the 2nd quarter worth approximately $102,533,000. Finally, Assenagon Asset Management S.A. grew its holdings in Mcdonald’s by 163.1% during the third quarter. Assenagon Asset Management S.A. now owns 785,409 shares of the fast-food giant’s stock valued at $168,635,000 after purchasing an additional 486,944 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.
MCD has been the subject of several recent analyst reports. Piper Jaffray Companies downgraded shares of Mcdonald’s from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $224.00 to $195.00 in a research note on Monday, November 4th. Credit Suisse Group reduced their price target on shares of Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. MKM Partners decreased their price target on shares of Mcdonald’s from $240.00 to $225.00 and set a “buy” rating for the company in a report on Monday, November 4th. Longbow Research raised shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $227.00 price target for the company in a report on Friday, November 8th. Finally, Wells Fargo & Co lowered their price objective on shares of Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Mcdonald’s has a consensus rating of “Buy” and a consensus price target of $223.54.
Shares of NYSE MCD opened at $211.16 on Wednesday. The company has a fifty day moving average price of $200.54 and a 200 day moving average price of $206.45. The firm has a market cap of $159.64 billion, a PE ratio of 27.71, a PEG ratio of 2.97 and a beta of 0.45. Mcdonald’s Corp has a 1-year low of $173.41 and a 1-year high of $221.93.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.10). Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the business posted $2.10 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts expect that Mcdonald’s Corp will post 7.84 earnings per share for the current fiscal year.
In other Mcdonald’s news, CEO Christopher J. Kempczinski acquired 2,580 shares of Mcdonald’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of $193.81 per share, for a total transaction of $500,029.80. Following the purchase, the chief executive officer now directly owns 2,580 shares in the company, valued at approximately $500,029.80. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John J. Mulligan acquired 1,300 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of $193.46 per share, with a total value of $251,498.00. Following the acquisition, the director now directly owns 2,900 shares in the company, valued at $561,034. The disclosure for this purchase can be found here. Insiders have purchased 7,380 shares of company stock valued at $1,430,223 in the last 90 days. 0.25% of the stock is currently owned by corporate insiders.
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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