First Hawaiian Bank Cuts Stake in Mcdonald’s Corp (MCD)

First Hawaiian Bank decreased its position in shares of Mcdonald’s Corp (NYSE:MCD) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,553 shares of the fast-food giant’s stock after selling 120 shares during the period. First Hawaiian Bank’s holdings in Mcdonald’s were worth $1,874,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new stake in Mcdonald’s during the 4th quarter worth $38,000. Tower View Investment Management & Research LLC grew its holdings in Mcdonald’s by 20.6% during the 4th quarter. Tower View Investment Management & Research LLC now owns 375 shares of the fast-food giant’s stock worth $67,000 after acquiring an additional 64 shares in the last quarter. NuWave Investment Management LLC grew its holdings in Mcdonald’s by 2,485.2% during the 3rd quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 671 shares in the last quarter. Truvestments Capital LLC acquired a new position in Mcdonald’s during the 3rd quarter worth $122,000. Finally, Sound Income Strategies LLC grew its holdings in Mcdonald’s by 69.2% during the 3rd quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock worth $124,000 after acquiring an additional 304 shares in the last quarter. 67.16% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MCD opened at $182.37 on Friday. Mcdonald’s Corp has a one year low of $146.84 and a one year high of $190.88. The stock has a market capitalization of $138.99 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.11. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.28 billion. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 EPS. Analysts anticipate that Mcdonald’s Corp will post 7.76 earnings per share for the current fiscal year.

Several research analysts have weighed in on MCD shares. Zacks Investment Research raised shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Monday, November 26th. Jefferies Financial Group raised their price objective on shares of Mcdonald’s from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 24th. ValuEngine raised shares of Mcdonald’s from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Morgan Stanley raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $173.00 to $210.00 in a report on Thursday, November 29th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $185.00 price objective on shares of Mcdonald’s in a report on Monday, September 24th. Seven research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $191.76.

In other Mcdonald’s news, CEO Stephen Easterbrook sold 201,123 shares of the business’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the completion of the transaction, the chief executive officer now directly owns 48,925 shares of the company’s stock, valued at approximately $8,592,697.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ian Frederick Borden sold 4,782 shares of the business’s stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $177.68, for a total transaction of $849,665.76. The disclosure for this sale can be found here. Insiders have sold a total of 221,041 shares of company stock valued at $38,839,407 over the last three months. 0.22% of the stock is currently owned by company insiders.

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Mcdonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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