McDonald’s (MCD) Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC increased its position in McDonald’s (NYSE:MCD) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,772 shares of the fast-food giant’s stock after acquiring an additional 770 shares during the period. Jacobi Capital Management LLC’s holdings in McDonald’s were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of McDonald’s by 1,598.8% during the 1st quarter. American Century Companies Inc. now owns 555,169 shares of the fast-food giant’s stock valued at $86,817,000 after buying an additional 522,489 shares during the last quarter. QCI Asset Management Inc. NY raised its stake in shares of McDonald’s by 7,118.2% during the 1st quarter. QCI Asset Management Inc. NY now owns 76,729 shares of the fast-food giant’s stock valued at $11,999,000 after buying an additional 75,666 shares during the last quarter. Adirondack Trust Co. raised its stake in shares of McDonald’s by 3.1% during the 1st quarter. Adirondack Trust Co. now owns 12,401 shares of the fast-food giant’s stock valued at $2,076,000 after buying an additional 378 shares during the last quarter. Strategy Asset Managers LLC raised its stake in shares of McDonald’s by 581.1% during the 1st quarter. Strategy Asset Managers LLC now owns 18,451 shares of the fast-food giant’s stock valued at $2,885,000 after buying an additional 15,742 shares during the last quarter. Finally, Exchange Capital Management Inc. grew its position in shares of McDonald’s by 11.0% during the 1st quarter. Exchange Capital Management Inc. now owns 25,554 shares of the fast-food giant’s stock valued at $3,996,000 after acquiring an additional 2,539 shares during the period. Institutional investors own 67.53% of the company’s stock.

A number of equities research analysts have recently commented on MCD shares. Citigroup raised their target price on McDonald’s from $167.00 to $176.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Barclays dropped their target price on McDonald’s from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Morgan Stanley dropped their target price on McDonald’s from $184.00 to $169.00 and set a “neutral” rating on the stock in a research report on Monday, March 26th. Goldman Sachs set a $200.00 target price on McDonald’s and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Bank of America set a $180.00 target price on McDonald’s and gave the company a “buy” rating in a research report on Monday, March 5th. 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 stock currently has an average rating of “Buy” and an average target price of $184.03.

MCD stock opened at $160.98 on Monday. The company has a market cap of $126.40 billion, a PE ratio of 23.03, a PEG ratio of 2.37 and a beta of 0.63. The company has a debt-to-equity ratio of -6.54, a quick ratio of 1.72 and a current ratio of 1.74. McDonald’s has a one year low of $146.84 and a one year high of $178.70.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.12. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.97 billion. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.47 EPS. analysts forecast that McDonald’s will post 7.66 earnings per share for the current year.

In other news, insider Douglas M. Goare sold 13,255 shares of McDonald’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total transaction of $2,192,377.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin M. Ozan sold 18,636 shares of McDonald’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the sale, the executive vice president now directly owns 29,800 shares in the company, valued at approximately $4,937,562. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

McDonald’s Company Profile

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.

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

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