Clifford Swan Investment Counsel LLC Has $21.19 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Clifford Swan Investment Counsel LLC lessened its holdings in McDonald’s Co. (NYSE:MCDGet Rating) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,816 shares of the fast-food giant’s stock after selling 1,173 shares during the period. McDonald’s comprises approximately 1.0% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 27th biggest position. Clifford Swan Investment Counsel LLC’s holdings in McDonald’s were worth $21,186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its position in McDonald’s by 1,189.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after purchasing an additional 2,021,754 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in McDonald’s by 77.8% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,849,583 shares of the fast-food giant’s stock valued at $950,418,000 after purchasing an additional 1,684,960 shares during the last quarter. Renaissance Technologies LLC boosted its position in McDonald’s by 44.2% during the first quarter. Renaissance Technologies LLC now owns 2,531,400 shares of the fast-food giant’s stock valued at $625,965,000 after purchasing an additional 776,419 shares during the last quarter. Barclays PLC boosted its position in McDonald’s by 48.4% during the third quarter. Barclays PLC now owns 1,879,173 shares of the fast-food giant’s stock valued at $433,603,000 after purchasing an additional 612,854 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in McDonald’s by 103.5% during the second quarter. Mackenzie Financial Corp now owns 1,051,106 shares of the fast-food giant’s stock valued at $259,497,000 after purchasing an additional 534,698 shares during the last quarter. Institutional investors and hedge funds own 66.86% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock traded up $1.18 during trading on Wednesday, reaching $270.74. The company’s stock had a trading volume of 329,311 shares, compared to its average volume of 2,414,169. McDonald’s Co. has a one year low of $217.68 and a one year high of $281.67. The firm has a market cap of $198.30 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 3.14 and a beta of 0.63. The business’s fifty day moving average price is $269.69 and its 200-day moving average price is $260.95.

McDonald’s (NYSE:MCDGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The fast-food giant reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.11. McDonald’s had a negative return on equity of 123.40% and a net margin of 25.42%. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the previous year, the company posted $2.76 earnings per share. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts anticipate that McDonald’s Co. will post 9.93 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on McDonald’s in a research report on Monday. They set an “equal weight” rating and a $280.00 price objective for the company. Jefferies Financial Group lifted their price objective on McDonald’s from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. Royal Bank of Canada boosted their price target on McDonald’s from $275.00 to $295.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price target on McDonald’s from $262.00 to $263.00 in a research report on Thursday, January 5th. Finally, Citigroup boosted their price target on McDonald’s from $265.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, December 1st. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $289.19.

About McDonald’s

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McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

Further Reading

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

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