McDonald's Co. (MCD) Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT raised its holdings in shares of McDonald's Co. (NYSE:MCD) by 8.9% in the 3rd quarter, Holdings Channel reports. The firm owned 194,887 shares of the fast-food giant’s stock after purchasing an additional 15,884 shares during the quarter. McDonald's accounts for 1.2% of Bradley Foster & Sargent Inc. CT’s holdings, making the stock its 22nd biggest holding. Bradley Foster & Sargent Inc. CT owned 240.60% of McDonald's worth $30,535,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its holdings in shares of McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of McDonald's by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after acquiring an additional 5 shares in the last quarter. Highland Private Wealth Management raised its holdings in shares of McDonald's by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after acquiring an additional 6 shares in the last quarter. Winch Advisory Services LLC raised its holdings in shares of McDonald's by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after acquiring an additional 7 shares in the last quarter. Finally, Valmark Advisers Inc. raised its holdings in shares of McDonald's by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 67.28% of the company’s stock.

In other news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,596,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction dated 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 owns 49,778 shares in the company, 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 insiders.

Several analysts recently weighed in on MCD shares. Canaccord Genuity restated a “hold” rating and issued 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 company a “buy” rating in a report on Wednesday, October 25th. Stifel Nicolaus set a $172.00 price objective on McDonald's and gave the company a “neutral” rating in a report on Wednesday, January 3rd. Piper Jaffray Companies lifted their price objective on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, December 14th. Finally, Jefferies Group upgraded McDonald's from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $200.00 in a report on Tuesday, December 5th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $178.88.

McDonald's Co. (NYSE MCD) opened at $173.57 on Friday. McDonald's Co. has a 52 week low of $119.82 and a 52 week high of $175.78. The stock has a market capitalization of $140,590.00, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.61 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 (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Zacks’ 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 in the previous year, the firm earned $1.62 earnings per share. The company’s revenue was down 10.4% on a year-over-year basis. equities research analysts expect that McDonald's Co. will post 6.53 EPS for the current fiscal year.

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

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