Wrapmanager Inc. cut its position in shares of McDonald's Co. (NYSE:MCD) by 85.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,478 shares of the fast-food giant’s stock after selling 8,668 shares during the quarter. Wrapmanager Inc.’s holdings in McDonald's were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC boosted 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 last quarter. AlphaMark Advisors LLC boosted its stake in McDonald's by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after acquiring an additional 5 shares during the last quarter. Highland Private Wealth Management boosted its stake in McDonald's by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after acquiring an additional 6 shares during the last quarter. Winch Advisory Services LLC boosted its stake in McDonald's by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after acquiring an additional 7 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its stake in McDonald's by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 67.30% of the company’s stock.

Shares of McDonald's Co. (NYSE MCD) opened at $173.57 on Monday. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The firm has a market cap of $138,367.52, a P/E ratio of 25.05, a P/E/G ratio of 2.75 and a beta of 0.67. McDonald's Co. has a twelve month low of $119.82 and a twelve month high of $175.78.

McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald's’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 EPS. analysts forecast that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

A number of research analysts have weighed in on MCD shares. Nomura set a $183.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, October 17th. Goldman Sachs Group set a $172.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Friday, October 13th. Longbow Research upgraded shares of McDonald's from a “neutral” rating to a “buy” rating and boosted their target price for the company from $154.05 to $183.00 in a research note on Thursday, September 28th. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Tuesday, September 26th. Finally, Credit Suisse Group set a $170.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Wednesday, September 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. McDonald's presently has an average rating of “Buy” and an average target price of $178.88.

In related news, VP James R. Sappington sold 8,046 shares of the company’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 sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the company’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 in the company, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

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McDonald's Company 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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