Golub Group LLC increased its holdings in shares of McDonald's Co. (NYSE:MCD) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,120 shares of the fast-food giant’s stock after acquiring an additional 785 shares during the period. Golub Group LLC’s holdings in McDonald's were worth $1,272,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its holdings in McDonald's by 1.0% during the 2nd 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 in the last quarter. Teacher Retirement System of Texas lifted its holdings in McDonald's by 10.6% during the 2nd 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 in the last quarter. Tredje AP fonden lifted its holdings in McDonald's by 26.7% during the 2nd 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 in the last quarter. Beaton Management Co. Inc. acquired a new position in McDonald's during the 2nd quarter worth $555,000. Finally, Buckingham Asset Management LLC lifted its holdings in McDonald's by 157.5% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 67.28% of the company’s stock.
MCD has been the topic of several research reports. Canaccord Genuity reaffirmed a “hold” rating and set a $170.00 price objective on shares of McDonald's in a report on Friday, October 6th. Nomura set a $180.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 25th. Stifel Nicolaus set a $172.00 price target on McDonald's and gave the company a “neutral” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies increased their price target on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Finally, Jefferies Group raised McDonald's from a “hold” rating to a “buy” rating and increased their price target for the company from $150.00 to $200.00 in a research note on Tuesday, December 5th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $178.52.
McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. analysts expect that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.
In related news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
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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.
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