Mcdonald’s Corp (MCD) Position Lifted by American International Group Inc.
American International Group Inc. increased its position in shares of Mcdonald’s Corp (NYSE:MCD) by 719.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,683,386 shares of the fast-food giant’s stock after purchasing an additional 2,355,895 shares during the period. Mcdonald’s makes up approximately 2.0% of American International Group Inc.’s portfolio, making the stock its 5th largest position. American International Group Inc. owned about 0.35% of Mcdonald’s worth $476,489,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HC Financial Advisors Inc. increased its holdings in Mcdonald’s by 4.9% in the third quarter. HC Financial Advisors Inc. now owns 10,669 shares of the fast-food giant’s stock valued at $1,785,000 after buying an additional 499 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Mcdonald’s by 6,582,167.8% in the third quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock valued at $1,332,390,000 after buying an additional 7,964,423 shares in the last quarter. CI Investments Inc. increased its holdings in Mcdonald’s by 32,825.0% in the third quarter. CI Investments Inc. now owns 131,700 shares of the fast-food giant’s stock valued at $22,032,000 after buying an additional 131,300 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Mcdonald’s in the third quarter valued at about $13,857,000. Finally, Advisors Asset Management Inc. increased its holdings in Mcdonald’s by 8.9% in the third quarter. Advisors Asset Management Inc. now owns 79,599 shares of the fast-food giant’s stock valued at $13,316,000 after buying an additional 6,478 shares in the last quarter. 68.80% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Mcdonald’s from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Robert W. Baird raised their price objective on shares of Mcdonald’s from $196.00 to $205.00 in a research note on Monday, April 1st. Telsey Advisory Group reissued an “outperform” rating and set a $210.00 price objective (up from $195.00) on shares of Mcdonald’s in a research note on Friday, April 5th. Wells Fargo & Co raised their price objective on shares of Mcdonald’s from $202.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, January 11th. Finally, Stephens raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $180.00 to $200.00 in a research note on Tuesday, February 19th. Six analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $195.50.
Shares of NYSE MCD opened at $191.85 on Tuesday. Mcdonald’s Corp has a 1 year low of $153.13 and a 1 year high of $192.35. The company has a market cap of $146.63 billion, a P/E ratio of 24.28, a PEG ratio of 2.65 and a beta of 0.53.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the business earned $1.71 earnings per share. Mcdonald’s’s revenue was down 3.3% compared to the same quarter last year. Analysts forecast that Mcdonald’s Corp will post 8.12 EPS for the current year.
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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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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