Callahan Advisors LLC lowered its position in shares of McDonald's Co. (NYSE:MCD) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,475 shares of the fast-food giant’s stock after selling 1,836 shares during the period. McDonald's accounts for approximately 2.5% of Callahan Advisors LLC’s portfolio, making the stock its 6th largest position. Callahan Advisors LLC’s holdings in McDonald's were worth $11,825,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new position in McDonald's in the second quarter valued at $322,000. Phocas Financial Corp. acquired a new position in McDonald's in the second quarter valued at $107,000. Proficio Capital Partners LLC boosted its stake in 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. Howe & Rusling Inc. boosted its stake in McDonald's by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after acquiring an additional 360 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in McDonald's in the second quarter valued at $153,000. Hedge funds and other institutional investors own 67.28% of the company’s stock.
A number of brokerages have recently commented on MCD. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 target price on shares of McDonald's in a report on Friday, October 6th. Nomura set a $180.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Stifel Nicolaus set a $172.00 target price on shares of McDonald's and gave the company a “neutral” rating in a report on Wednesday, January 3rd. Piper Jaffray Companies upped their target price on shares of 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 raised shares of McDonald's from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $200.00 in a report on Tuesday, December 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $178.88.
In related news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the sale, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of McDonald's stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction 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 disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
McDonald's Co. (NYSE:MCD) opened at $173.57 on Friday. The stock has a market cap of $140,590.00, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67. McDonald's Co. has a 1-year low of $119.82 and a 1-year high of $175.78. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.
McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating 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 business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the business earned $1.62 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. equities research analysts anticipate that McDonald's Co. will post 6.53 EPS for the current year.
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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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