SG Americas Securities LLC increased its position in shares of McDonald’s (NYSE:MCD) by 58.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,251,403 shares of the fast-food giant’s stock after purchasing an additional 460,368 shares during the quarter. McDonald’s accounts for approximately 1.6% of SG Americas Securities LLC’s investment portfolio, making the stock its 8th largest holding. SG Americas Securities LLC owned 0.16% of McDonald’s worth $195,694,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Horan Capital Advisors LLC. acquired a new position in McDonald’s in the third quarter valued at approximately $104,000. Pinnacle Wealth Planning Services Inc. acquired a new position in McDonald’s in the fourth quarter valued at approximately $109,000. Tarbox Family Office Inc. lifted its holdings in McDonald’s by 105.8% in the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after acquiring an additional 328 shares during the period. Horan Capital Management acquired a new position in McDonald’s in the fourth quarter valued at approximately $110,000. Finally, Certified Advisory Corp acquired a new position in McDonald’s in the fourth quarter valued at approximately $121,000. 67.90% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:MCD opened at $161.31 on Friday. The company has a debt-to-equity ratio of -6.54, a current ratio of 1.74 and a quick ratio of 1.72. The firm has a market capitalization of $127.88 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 2.40 and a beta of 0.63. McDonald’s has a 52-week low of $162.00 and a 52-week high of $163.94.
McDonald’s (NYSE:MCD) last issued its earnings results on Monday, April 30th. The fast-food giant reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.12. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.97 billion. McDonald’s had a negative return on equity of 167.80% and a net margin of 24.02%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 EPS. equities analysts expect that McDonald’s will post 7.66 earnings per share for the current fiscal year.
A number of brokerages have issued reports on MCD. Stifel Nicolaus boosted their price target on McDonald’s from $165.00 to $168.00 and gave the company a “hold” rating in a report on Tuesday, May 1st. JPMorgan Chase restated a “buy” rating and issued a $182.00 price objective on shares of McDonald’s in a research report on Monday, March 12th. Piper Jaffray set a $185.00 price objective on McDonald’s and gave the company a “buy” rating in a research report on Tuesday, April 10th. Barclays cut their price objective on McDonald’s from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Finally, Credit Suisse Group restated an “outperform” rating and issued a $191.00 price objective (up from $185.00) on shares of McDonald’s in a research report on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $184.03.
In other McDonald’s news, EVP Kevin M. Ozan sold 18,636 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $165.69, for a total value of $3,087,798.84. Following the completion of the sale, the executive vice president now directly owns 29,800 shares in the company, valued at approximately $4,937,562. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Douglas M. Goare sold 13,255 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total value of $2,192,377.00. The disclosure for this sale can be found here. 0.22% of the stock is 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, 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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