By otakuyassine3@gmail.com 
Sachetta LLC reduced its position in McDonald’s Co. (NYSE:MCD – Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,988 shares of the fast-food giant’s stock after selling 83 shares during the period. Sachetta LLC’s holdings in McDonald’s were worth $1,156,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Fred Alger Management LLC grew its stake in shares of McDonald’s by 5.9% during the 2nd quarter. Fred Alger Management LLC now owns 17,555 shares of the fast-food giant’s stock valued at $4,474,000 after buying an additional 985 shares during the period. MBB Public Markets I LLC grew its position in McDonald’s by 2,268.8% during the second quarter. MBB Public Markets I LLC now owns 51,284 shares of the fast-food giant’s stock valued at $13,069,000 after acquiring an additional 49,119 shares during the period. The Manufacturers Life Insurance Company increased its stake in McDonald’s by 12.2% during the second quarter. The Manufacturers Life Insurance Company now owns 886,343 shares of the fast-food giant’s stock worth $225,876,000 after acquiring an additional 96,450 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of McDonald’s in the 2nd quarter worth about $10,448,000. Finally, Legal & General Group Plc lifted its stake in shares of McDonald’s by 3.2% in the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock valued at $1,567,030,000 after purchasing an additional 188,888 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is currently owned by insiders.
McDonald’s Trading Up 0.3 %
Shares of NYSE MCD opened at $285.37 on Friday. The business has a 50 day simple moving average of $291.21 and a 200-day simple moving average of $287.88. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market capitalization of $204.50 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.
McDonald’s (NYSE:MCD – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the firm posted $3.19 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently issued reports on MCD. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Bank of America raised their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Morgan Stanley reduced their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.78.
View Our Latest Stock Report on MCD
About McDonald’s
McDonald’s Corporation operates and franchises restaurants under the McDonald’s brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.
See Also
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