Profund Advisors LLC Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

Profund Advisors LLC reduced its stake in McDonald’s Co. (NYSE:MCDGet Rating) by 1.3% during the 3rd quarter, Holdings Channel reports. The fund owned 15,614 shares of the fast-food giant’s stock after selling 198 shares during the period. Profund Advisors LLC’s holdings in McDonald’s were worth $3,603,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Hartford Funds Management Co LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $219,000. Cowa LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $39,000. Chevy Chase Trust Holdings LLC lifted its position in shares of McDonald’s by 0.5% in the third quarter. Chevy Chase Trust Holdings LLC now owns 467,821 shares of the fast-food giant’s stock valued at $107,944,000 after acquiring an additional 2,502 shares in the last quarter. V Wealth Advisors LLC lifted its position in McDonald’s by 30.0% during the third quarter. V Wealth Advisors LLC now owns 11,115 shares of the fast-food giant’s stock worth $2,565,000 after buying an additional 2,566 shares during the period. Finally, XML Financial LLC lifted its position in McDonald’s by 13.8% during the third quarter. XML Financial LLC now owns 5,648 shares of the fast-food giant’s stock worth $1,303,000 after buying an additional 683 shares during the period. 66.86% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of MCD stock traded up $0.19 during trading hours on Wednesday, reaching $269.75. The company had a trading volume of 577,358 shares, compared to its average volume of 2,429,672. McDonald’s Co. has a twelve month low of $217.68 and a twelve month high of $281.67. The company has a market capitalization of $197.57 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 3.14 and a beta of 0.63. The stock’s fifty day simple moving average is $269.69 and its 200 day simple moving average is $260.95.

McDonald’s (NYSE:MCDGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The fast-food giant reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.11. McDonald’s had a negative return on equity of 123.40% and a net margin of 25.42%. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the firm earned $2.76 EPS. McDonald’s’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities analysts expect that McDonald’s Co. will post 9.93 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on MCD. Jefferies Financial Group increased their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, December 21st. Deutsche Bank Aktiengesellschaft increased their target price on McDonald’s from $262.00 to $263.00 in a research report on Thursday, January 5th. JPMorgan Chase & Co. increased their target price on McDonald’s from $250.00 to $262.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 18th. Citigroup increased their target price on McDonald’s from $265.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, December 1st. Finally, Credit Suisse Group increased their target price on McDonald’s from $292.00 to $298.00 in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $289.19.

McDonald’s Company Profile

(Get Rating)

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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

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