Mackay Shields LLC Acquires Shares of 180,526 McDonald’s (MCD)

Mackay Shields LLC acquired a new stake in McDonald’s (NYSE:MCD) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 180,526 shares of the fast-food giant’s stock, valued at approximately $28,231,000.

Other large investors also recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. bought a new position in McDonald’s in the 4th quarter valued at approximately $109,000. Tarbox Family Office Inc. lifted its stake in McDonald’s by 105.8% in the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after purchasing an additional 328 shares during the last quarter. Horan Capital Management bought a new position in McDonald’s in the 4th quarter valued at approximately $110,000. Horan Capital Advisors LLC. bought a new position in McDonald’s in the 3rd quarter valued at approximately $104,000. Finally, Certified Advisory Corp bought a new position in McDonald’s in the 4th quarter valued at approximately $121,000. 67.90% of the stock is owned by institutional investors and hedge funds.

MCD opened at $161.31 on Friday. McDonald’s has a twelve month low of $162.00 and a twelve month high of $163.94. The company has a quick ratio of 1.72, a current ratio of 1.74 and a debt-to-equity ratio of -6.54. The firm has a market cap of $127.88 billion, a PE ratio of 23.30, a PEG ratio of 2.40 and a beta of 0.63.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, April 30th. The fast-food giant reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.12. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the prior year, the company posted $1.47 earnings per share. McDonald’s’s revenue for the quarter was down 9.5% compared to the same quarter last year. research analysts anticipate that McDonald’s will post 7.66 earnings per share for the current fiscal year.

Several brokerages recently commented on MCD. Stifel Nicolaus increased their price objective on shares of McDonald’s from $165.00 to $168.00 and gave the company a “hold” rating in a research note on Tuesday, May 1st. JPMorgan Chase reissued a “buy” rating and issued a $182.00 price objective on shares of McDonald’s in a research note on Monday, March 12th. Piper Jaffray set a $185.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a research note on Tuesday, April 10th. Barclays decreased their price target on shares of McDonald’s from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Finally, Credit Suisse Group restated an “outperform” rating and issued a $191.00 price target (up from $185.00) on shares of McDonald’s in a research report on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $184.03.

In other McDonald’s news, EVP Kevin M. Ozan sold 18,636 shares of the firm’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total value of $3,087,798.84. Following the completion of the sale, the executive vice president now directly owns 29,800 shares in the company, valued at $4,937,562. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas M. Goare sold 13,255 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $165.40, for a total transaction of $2,192,377.00. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

About McDonald’s

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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