Marathon Trading Investment Management LLC Acquires Shares of 1,700 McDonald's Co. (MCD)

Marathon Trading Investment Management LLC acquired a new position in shares of McDonald's Co. (NYSE:MCD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,700 shares of the fast-food giant’s stock, valued at approximately $266,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in McDonald's by 1.6% in the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock valued at $8,776,174,000 after acquiring an additional 906,303 shares during the period. BlackRock Inc. increased its stake in McDonald's by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after acquiring an additional 1,586,761 shares during the period. Capital World Investors increased its stake in McDonald's by 2.8% in the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after acquiring an additional 606,232 shares during the period. Capital Research Global Investors increased its stake in McDonald's by 15.0% in the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock valued at $1,846,905,000 after acquiring an additional 1,572,074 shares during the period. Finally, Northern Trust Corp increased its stake in McDonald's by 3.1% in the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after acquiring an additional 360,212 shares during the period. Institutional investors own 67.27% of the company’s stock.

In other news, insider Stephen Easterbrook sold 171,577 shares of the company’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 transaction, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

MCD has been the topic of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $175.00 target price on shares of McDonald's in a research note on Friday, September 8th. Mizuho reissued a “buy” rating and issued a $173.00 target price (up previously from $170.00) on shares of McDonald's in a research note on Wednesday, September 13th. Sanford C. Bernstein set a $180.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, September 19th. Credit Suisse Group set a $170.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research note on Tuesday, September 26th. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $177.52.

McDonald's Co. (MCD) opened at $173.70 on Friday. McDonald's Co. has a 12-month low of $118.52 and a 12-month high of $175.78. The stock has a market cap of $140,700.00, a P/E ratio of 25.06, a PEG ratio of 2.65 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company 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. McDonald's’s quarterly revenue was down 10.4% on a year-over-year basis. research analysts anticipate that McDonald's Co. will post 6.53 EPS for the current fiscal year.

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McDonald's 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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