Sunbelt Securities Inc. Increases Position in McDonald's Co. (MCD)

Sunbelt Securities Inc. increased its holdings in shares of McDonald's Co. (NYSE:MCD) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,714 shares of the fast-food giant’s stock after purchasing an additional 419 shares during the period. Sunbelt Securities Inc. owned 581.98% of McDonald's worth $739,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Morgan Dempsey Capital Management LLC lifted its holdings in McDonald's by 6.1% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 47,770 shares of the fast-food giant’s stock worth $7,473,000 after buying an additional 2,754 shares in the last quarter. Golub Group LLC lifted its holdings in McDonald's by 10.7% in the 3rd quarter. Golub Group LLC now owns 8,120 shares of the fast-food giant’s stock worth $1,272,000 after buying an additional 785 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in McDonald's in the 3rd quarter worth $6,267,000. Stoneridge Investment Partners LLC acquired a new position in McDonald's in the 3rd quarter worth $3,081,000. Finally, United Asset Strategies Inc. lifted its holdings in McDonald's by 34.6% in the 3rd quarter. United Asset Strategies Inc. now owns 1,850 shares of the fast-food giant’s stock worth $290,000 after buying an additional 476 shares in the last quarter. 67.28% of the stock is owned by hedge funds and other institutional investors.

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

Shares of McDonald's Co. (NYSE MCD) opened at $173.39 on Friday. The firm has a market cap of $140,450.00, a PE ratio of 25.02, a P/E/G ratio of 2.61 and a beta of 0.67. McDonald's Co. has a 12 month low of $119.82 and a 12 month high of $175.78. 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 posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping 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 firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. McDonald's’s quarterly revenue was down 10.4% on a year-over-year basis. analysts expect that McDonald's Co. will post 6.53 EPS for the current year.

A number of equities analysts have commented on MCD shares. Sanford C. Bernstein set a $180.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a report on Tuesday, September 19th. Credit Suisse Group set a $170.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a report on Wednesday, September 20th. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a report on Tuesday, September 26th. Longbow Research upgraded shares of McDonald's from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $154.05 to $183.00 in a report on Thursday, September 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $180.00 price objective (up previously from $170.00) on shares of McDonald's in a report on Monday, October 2nd. 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 an average rating of “Buy” and an average target price of $178.52.

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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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