Strategy Asset Managers LLC Reduces Stake in McDonald's Co. (MCD)

Strategy Asset Managers LLC lowered its holdings in McDonald's Co. (NYSE:MCD) by 87.6% during the third quarter, HoldingsChannel.com reports. The fund owned 2,709 shares of the fast-food giant’s stock after selling 19,211 shares during the period. Strategy Asset Managers LLC’s holdings in McDonald's were worth $424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Phocas Financial Corp. bought a new stake in McDonald's in the second quarter valued at about $107,000. Proficio Capital Partners LLC increased 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 during the period. Howe & Rusling Inc. boosted its position 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 buying an additional 360 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in McDonald's in the second quarter valued at about $153,000. Finally, Accurate Investment Solutions Inc. boosted its position in McDonald's by 861.3% in the third quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock valued at $160,000 after buying an additional 913 shares in the last quarter. 67.30% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Co. (NYSE:MCD) opened at $174.98 on Thursday. McDonald's Co. has a 12-month low of $119.82 and a 12-month high of $175.78. The stock has a market cap of $141,730.00, a P/E ratio of 25.25, a PEG ratio of 2.75 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.

A number of equities analysts have commented on MCD shares. Wells Fargo & Co set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Wednesday, October 25th. Royal Bank of Canada set a $190.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Thursday, December 21st. Deutsche Bank set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Friday, October 20th. Canaccord Genuity restated a “hold” rating and issued a $170.00 price target on shares of McDonald's in a research report on Friday, October 6th. Finally, Goldman Sachs Group set a $180.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Tuesday, December 12th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $179.28.

In related news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

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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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