McDonald's Co. (MCD) Position Trimmed by Taylor Cottrill Erickson & Associates Inc.

Taylor Cottrill Erickson & Associates Inc. lowered its stake in McDonald's Co. (NYSE:MCD) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,996 shares of the fast-food giant’s stock after selling 760 shares during the period. Taylor Cottrill Erickson & Associates Inc.’s holdings in McDonald's were worth $3,603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its holdings in McDonald's by 1.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after purchasing an additional 4,300 shares during the period. Legacy Capital Partners Inc. increased its holdings in McDonald's by 7.0% during the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after purchasing an additional 1,706 shares during the period. Teacher Retirement System of Texas increased its holdings in McDonald's by 10.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after purchasing an additional 44,899 shares during the period. Tredje AP fonden increased its holdings in McDonald's by 26.7% during the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after purchasing an additional 25,380 shares during the period. Finally, Beaton Management Co. Inc. purchased a new position in McDonald's during the 2nd quarter valued at about $555,000. Hedge funds and other institutional investors own 67.28% of the company’s stock.

In related news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Several analysts have weighed in on MCD shares. Canaccord Genuity reaffirmed a “hold” rating and set a $170.00 price objective on shares of McDonald's in a research report on Friday, October 6th. Nomura set a $180.00 price objective on McDonald's and gave the company a “buy” rating in a research report on Wednesday, October 25th. Stifel Nicolaus set a $172.00 price objective on McDonald's and gave the company a “neutral” rating in a research report on Wednesday, January 3rd. Piper Jaffray Companies lifted their price objective on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th. Finally, Jefferies Group raised McDonald's from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $200.00 in a research report on Tuesday, December 5th. Nine research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $178.88.

Shares of McDonald's Co. (NYSE:MCD) traded up $0.18 on Friday, hitting $173.57. The stock had a trading volume of 2,881,400 shares, compared to its average volume of 3,060,000. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's Co. has a 12-month low of $119.82 and a 12-month high of $175.78. The company has a market cap of $140,590.00, a PE ratio of 25.05, a P/E/G ratio of 2.61 and a beta of 0.67.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the previous year, the firm posted $1.62 EPS. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. sell-side analysts forecast that McDonald's Co. will post 6.53 EPS for the current fiscal year.

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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.

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

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