First Midwest Bank Trust Division Purchases 2,939 Shares of McDonald's Co. (MCD)

First Midwest Bank Trust Division raised its position in McDonald's Co. (NYSE:MCD) by 6.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,942 shares of the fast-food giant’s stock after acquiring an additional 2,939 shares during the quarter. McDonald's makes up 0.9% of First Midwest Bank Trust Division’s portfolio, making the stock its 17th biggest holding. First Midwest Bank Trust Division’s holdings in McDonald's were worth $7,198,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its stake in shares of McDonald's by 1.0% in 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. raised its stake in shares of 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 worth $3,390,000 after buying an additional 1,706 shares during the period. Teacher Retirement System of Texas raised its stake in shares of 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 worth $71,558,000 after buying an additional 44,899 shares during the period. Tredje AP fonden raised its stake in shares of McDonald's by 26.7% in the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after buying an additional 25,380 shares during the period. Finally, Buckingham Asset Management LLC raised its stake in shares of 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 worth $2,906,000 after buying an additional 11,604 shares during the period. 67.27% of the stock is currently owned by institutional investors.

In related news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

McDonald's Co. (NYSE MCD) opened at $172.67 on Thursday. The company has a market capitalization of $139,860.00, a P/E ratio of 24.92, a PEG ratio of 2.80 and a beta of 0.67. 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 Co. has a 1-year low of $118.18 and a 1-year high of $175.78.

McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. research analysts forecast that McDonald's Co. will post 6.53 earnings per share for the current year.

MCD has been the topic of several recent research reports. Longbow Research raised McDonald's from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $154.05 to $183.00 in a research note on Thursday, September 28th. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a research note on Tuesday, September 26th. Credit Suisse Group set a $170.00 price objective on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, September 20th. Sanford C. Bernstein set a $180.00 price objective on McDonald's and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Finally, Mizuho reaffirmed a “buy” rating and issued a $173.00 price objective (up previously from $170.00) on shares of McDonald's in a research note on Wednesday, September 13th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $175.62.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.com-unik.info/2017/12/28/first-midwest-bank-trust-division-purchases-2939-shares-of-mcdonalds-co-mcd.html.

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.

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)

What are top analysts saying about McDonald's? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for McDonald's and related companies.

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