Capital Advisors Inc. OK lessened its holdings in shares of McDonald’s (NYSE:MCD) by 49.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,486 shares of the fast-food giant’s stock after selling 3,383 shares during the period. Capital Advisors Inc. OK’s holdings in McDonald’s were worth $545,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of McDonald’s by 0.9% in the 4th quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock valued at $9,558,713,000 after buying an additional 481,739 shares during the period. Jennison Associates LLC grew its holdings in shares of McDonald’s by 26.5% in the 4th quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock valued at $1,518,138,000 after buying an additional 1,848,111 shares during the period. Geode Capital Management LLC grew its holdings in shares of McDonald’s by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,191,870 shares of the fast-food giant’s stock valued at $1,406,932,000 after buying an additional 270,898 shares during the period. Magellan Asset Management Ltd grew its holdings in shares of McDonald’s by 2.0% in the 4th quarter. Magellan Asset Management Ltd now owns 7,248,352 shares of the fast-food giant’s stock valued at $1,247,586,000 after buying an additional 139,991 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of McDonald’s by 31.2% in the 3rd quarter. Janus Henderson Group PLC now owns 5,802,160 shares of the fast-food giant’s stock valued at $909,044,000 after buying an additional 1,379,737 shares during the period. 67.53% of the stock is owned by institutional investors.
Shares of NYSE:MCD opened at $159.45 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of -6.54. McDonald’s has a one year low of $146.84 and a one year high of $178.70. The stock has a market cap of $126.40 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.37 and a beta of 0.63.
McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, topping the consensus estimate of $1.67 by $0.12. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. equities analysts forecast that McDonald’s will post 7.66 EPS for the current fiscal year.
Several equities analysts have recently issued reports on MCD shares. Goldman Sachs reissued a “buy” rating and issued a $186.00 price target on shares of McDonald’s in a report on Friday, March 23rd. Wells Fargo & Co set a $185.00 price target on shares of McDonald’s and gave the company a “buy” rating in a report on Wednesday, April 25th. Royal Bank of Canada raised shares of McDonald’s to an “outperform” rating and set a $175.00 price target for the company in a report on Tuesday, May 1st. Bank of America set a $200.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Zacks Investment Research raised shares of McDonald’s from a “sell” rating to a “hold” rating in a research note on Thursday, April 19th. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. McDonald’s currently has a consensus rating of “Buy” and an average target price of $184.03.
In other news, insider Douglas M. Goare sold 13,255 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total value of $2,192,377.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin M. Ozan sold 18,636 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 29,800 shares in the company, valued at $4,937,562. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate 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.
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