McDonald's Co. (MCD) Shares Bought by TCW Group Inc.

TCW Group Inc. lifted its stake in McDonald's Co. (NYSE:MCD) by 19.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,450 shares of the fast-food giant’s stock after purchasing an additional 2,144 shares during the quarter. TCW Group Inc.’s holdings in McDonald's were worth $2,107,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in McDonald's by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after buying an additional 906,303 shares during the last quarter. BlackRock Inc. raised its position in McDonald's by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after buying an additional 1,586,761 shares during the last quarter. Capital World Investors raised its position in McDonald's by 2.8% during the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after buying an additional 606,232 shares during the last quarter. Capital Research Global Investors raised its position in McDonald's by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after buying an additional 1,572,074 shares during the last quarter. Finally, Northern Trust Corp raised its position in McDonald's by 3.1% during the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after buying an additional 360,212 shares during the last quarter. 67.30% of the stock is owned by hedge funds and other institutional investors.

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

Shares of McDonald's Co. (MCD) opened at $174.57 on Friday. McDonald's Co. has a one year low of $119.82 and a one year high of $175.78. The stock has a market cap of $139,491.53, a price-to-earnings ratio of 25.19, a P/E/G ratio of 2.76 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.

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

MCD has been the subject of a number of recent research reports. Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and raised their price target for the stock from $150.00 to $200.00 in a research report on Tuesday, December 5th. Goldman Sachs Group set a $173.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank set a $185.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group lifted their target price on shares of McDonald's from $170.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Barclays set a $193.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Friday, December 8th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $179.35.

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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.

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

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