Mizuho Securities USA LLC Invests $2.40 Million in McDonald's Co. (MCD) Stock

Mizuho Securities USA LLC purchased a new position in shares of McDonald's Co. (NYSE:MCD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,307 shares of the fast-food giant’s stock, valued at approximately $2,398,000.

A number of other institutional investors have also bought and sold shares of MCD. Capital Analysts LLC grew its holdings in McDonald's by 11.5% during the first quarter. Capital Analysts LLC now owns 8,307 shares of the fast-food giant’s stock worth $1,077,000 after purchasing an additional 857 shares during the period. TD Asset Management Inc. boosted its holdings in shares of McDonald's by 2.2% during the first quarter. TD Asset Management Inc. now owns 1,576,141 shares of the fast-food giant’s stock worth $204,284,000 after acquiring an additional 34,195 shares during the period. Tdam USA Inc. boosted its holdings in shares of McDonald's by 5.5% during the first quarter. Tdam USA Inc. now owns 168,684 shares of the fast-food giant’s stock worth $21,863,000 after acquiring an additional 8,781 shares during the period. FormulaFolio Investments LLC boosted its holdings in shares of McDonald's by 55.0% during the first quarter. FormulaFolio Investments LLC now owns 3,747 shares of the fast-food giant’s stock worth $486,000 after acquiring an additional 1,329 shares during the period. Finally, Neuburgh Advisers LLC boosted its holdings in shares of McDonald's by 9.9% during the first quarter. Neuburgh Advisers LLC now owns 31,570 shares of the fast-food giant’s stock worth $4,092,000 after acquiring an additional 2,838 shares during the period. Institutional investors and hedge funds own 67.29% of the company’s stock.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now 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 insiders.

A number of brokerages have recently issued reports on MCD. Royal Bank of Canada set a $190.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Thursday. Credit Suisse Group restated an “outperform” rating and set a $185.00 price objective (up previously from $178.00) on shares of McDonald's in a report on Tuesday, December 19th. Piper Jaffray Companies boosted their price objective on McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, December 14th. Goldman Sachs Group set a $180.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Barclays set a $193.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Friday, December 8th. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $175.62.

McDonald's Co. (NYSE MCD) opened at $171.42 on Monday. McDonald's Co. has a 1 year low of $118.18 and a 1 year high of $175.78. The company has a market cap of $138,850.00, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the consensus estimate 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 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 previous year, the business earned $1.62 earnings per share. The company’s revenue was down 10.4% on a year-over-year basis. equities research analysts anticipate that McDonald's Co. will post 6.53 EPS for the current year.

WARNING: “Mizuho Securities USA LLC Invests $2.40 Million in McDonald's Co. (MCD) Stock” was posted by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/25/mizuho-securities-usa-llc-invests-2-40-million-in-mcdonalds-co-mcd-stock.html.

McDonald's Company 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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit