Taylor Cottrill Erickson & Associates Inc. trimmed its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,377 shares of the fast-food giant’s stock after selling 99 shares during the quarter. Taylor Cottrill Erickson & Associates Inc.’s holdings in Mcdonald’s were worth $4,224,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Garrett Wealth Advisory Group LLC bought a new stake in shares of Mcdonald’s during the 3rd quarter valued at approximately $30,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Mcdonald’s during the 3rd quarter valued at approximately $30,000. Quantum Capital Management bought a new stake in shares of Mcdonald’s during the 3rd quarter valued at approximately $35,000. Vista Private Wealth Partners. LLC bought a new stake in shares of Mcdonald’s during the 3rd quarter valued at approximately $40,000. Finally, New Capital Management LP grew its holdings in shares of Mcdonald’s by 1,261.1% during the 3rd quarter. New Capital Management LP now owns 3,008 shares of the fast-food giant’s stock valued at $48,000 after purchasing an additional 2,787 shares during the last quarter. 67.23% of the stock is currently owned by institutional investors and hedge funds.
MCD has been the topic of several research reports. Longbow Research raised shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $227.00 price target on the stock in a report on Friday, November 8th. Piper Jaffray Companies lowered shares of Mcdonald’s from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $224.00 to $195.00 in a report on Monday, November 4th. MKM Partners decreased their price target on shares of Mcdonald’s from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada initiated coverage on shares of Mcdonald’s in a report on Monday, December 9th. They set an “outperform” rating and a $218.00 price target on the stock. Finally, UBS Group decreased their price target on shares of Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $223.54.
In other news, Director John J. Mulligan purchased 1,300 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of $193.46 per share, for a total transaction of $251,498.00. Following the transaction, the director now owns 2,900 shares of the company’s stock, valued at $561,034. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John W. Rogers, Jr. purchased 1,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of $194.12 per share, for a total transaction of $194,120.00. Following the transaction, the director now directly owns 88,500 shares in the company, valued at approximately $17,179,620. The disclosure for this purchase can be found here. Insiders bought a total of 7,380 shares of company stock worth $1,430,223 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.
NYSE:MCD opened at $207.08 on Tuesday. The firm’s 50 day simple moving average is $197.94 and its 200 day simple moving average is $206.32. Mcdonald’s Corp has a one year low of $173.41 and a one year high of $221.93. The company has a market cap of $156.09 billion, a PE ratio of 26.21, a P/E/G ratio of 2.90 and a beta of 0.45.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.10). The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 EPS. On average, equities analysts predict that Mcdonald’s Corp will post 7.84 earnings per share for the current fiscal year.
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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