Wesbanco Bank Inc. Sells 1,500 Shares of McDonald's Co. (MCD)

Wesbanco Bank Inc. reduced its position in McDonald's Co. (NYSE:MCD) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,596 shares of the fast-food giant’s stock after selling 1,500 shares during the quarter. Wesbanco Bank Inc.’s holdings in McDonald's were worth $7,770,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jennison Associates LLC increased its stake in shares of McDonald's by 681.3% in the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after acquiring an additional 5,327,778 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of McDonald's by 3,951.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after acquiring an additional 4,313,253 shares during the last quarter. FMR LLC increased its stake in shares of McDonald's by 72.9% in the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after acquiring an additional 3,530,622 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of McDonald's by 69.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after acquiring an additional 3,110,669 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of McDonald's by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the period. 67.28% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on MCD shares. Wells Fargo & Co set a $185.00 price target on McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 25th. Royal Bank of Canada set a $190.00 price target on McDonald's and gave the stock a “buy” rating in a report on Thursday, December 21st. Deutsche Bank set a $185.00 price target on McDonald's and gave the stock a “buy” rating in a report on Friday, October 20th. Canaccord Genuity reiterated a “hold” rating and set a $170.00 price target on shares of McDonald's in a report on Friday, October 6th. Finally, Goldman Sachs Group set a $180.00 price target on McDonald's and gave the stock a “buy” rating in a report on Tuesday, December 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. McDonald's currently has a consensus rating of “Buy” and an average price target of $178.52.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of McDonald'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 transaction of $28,879,840.64. Following the transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP James R. Sappington sold 8,046 shares of McDonald'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 value of $1,327,590.00. Following the transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Shares of McDonald's Co. (MCD) opened at $173.51 on Thursday. 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 Co. has a 12-month low of $119.82 and a 12-month high of $175.78. The firm has a market capitalization of $140,540.00, a PE ratio of 25.04, a PEG ratio of 2.61 and a beta of 0.67.

McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the 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 for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter last year, the company earned $1.62 EPS. The business’s quarterly revenue was down 10.4% on a year-over-year basis. research analysts forecast that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

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About McDonald's

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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