5,400 Shares in McDonald's Co. (MCD) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of McDonald's Co. (NYSE:MCD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,400 shares of the fast-food giant’s stock, valued at approximately $846,000.

A number of other large investors have also modified their holdings of the business. Canada Pension Plan Investment Board increased its stake in shares of McDonald's by 1.0% during the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after buying an additional 4,300 shares during the period. Legacy Capital Partners Inc. increased its stake in McDonald's by 7.0% in the first 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 last quarter. Teacher Retirement System of Texas increased its stake in McDonald's by 10.6% in the second 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 last quarter. Tredje AP fonden increased its stake in McDonald's by 26.7% in the second 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 last quarter. Finally, Buckingham Asset Management LLC increased its stake in McDonald's by 157.5% in the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after purchasing an additional 11,604 shares during the last quarter. Institutional investors own 67.29% of the company’s stock.

Shares of McDonald's Co. (NYSE MCD) opened at $171.42 on Friday. The firm has a market capitalization of $136,996.36, a P/E ratio of 24.74, a PEG ratio of 2.81 and a beta of 0.67. McDonald's Co. has a fifty-two week low of $118.18 and a fifty-two week high of $175.78. 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 posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The company’s revenue was down 10.4% compared to the same quarter last year. sell-side analysts predict that McDonald's Co. will post 6.53 EPS for the current fiscal year.

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

MCD has been the topic of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $170.00 price target on shares of McDonald's in a research note on Friday, September 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $175.00 price target on shares of McDonald's in a research note on Friday, September 8th. Mizuho reiterated a “buy” rating and issued a $173.00 price target (up from $170.00) on shares of McDonald's in a research note on Wednesday, September 13th. Sanford C. Bernstein set a $180.00 price target on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, September 19th. Finally, Credit Suisse Group set a $170.00 price target on shares of McDonald's and gave the company a “buy” rating in a research note on Wednesday, September 20th. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $175.62.

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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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