Dividend Assets Capital LLC trimmed its stake in shares of McDonald's Co. (NYSE:MCD) by 12.9% during the third quarter, Holdings Channel reports. The fund owned 10,140 shares of the fast-food giant’s stock after selling 1,500 shares during the quarter. Dividend Assets Capital LLC’s holdings in McDonald's were worth $1,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCD. Jarislowsky Fraser Ltd lifted its position in shares of McDonald's by 0.6% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 47,268 shares of the fast-food giant’s stock worth $7,405,000 after buying an additional 300 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its position in shares of McDonald's by 2.7% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 24,924 shares of the fast-food giant’s stock worth $3,905,000 after buying an additional 645 shares during the last quarter. Zweig DiMenna Associates LLC lifted its position in shares of McDonald's by 3.7% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 90,580 shares of the fast-food giant’s stock worth $14,192,000 after buying an additional 3,238 shares during the last quarter. R. G. Niederhoffer Capital Management Inc. lifted its position in shares of McDonald's by 92.6% in the 3rd quarter. R. G. Niederhoffer Capital Management Inc. now owns 5,200 shares of the fast-food giant’s stock worth $814,000 after buying an additional 2,500 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in shares of McDonald's by 45.0% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 107,835 shares of the fast-food giant’s stock worth $17,036,000 after buying an additional 33,481 shares during the last quarter. Hedge funds and other institutional investors own 67.30% of the company’s stock.

In other news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 49,778 shares in the company, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

McDonald's Co. (MCD) opened at $173.68 on Wednesday. The company has a market cap of $140,680.00, a PE ratio of 25.06, a price-to-earnings-growth 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 Co. has a 52 week low of $119.82 and a 52 week high of $175.78.

McDonald's (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. equities research analysts forecast that McDonald's Co. will post 6.53 earnings per share for the current year.

A number of research analysts have recently issued reports on MCD shares. Wells Fargo & Co set a $185.00 price target on shares of McDonald's and gave the stock 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 stock 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 stock 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 stock a “buy” rating in a research report on Tuesday, December 12th. Nine research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. McDonald's currently has a consensus rating of “Buy” and an average target price of $179.28.

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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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