KAMES CAPITAL plc acquired a new position in Mcdonald’s Corp (NYSE:MCD) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,109 shares of the fast-food giant’s stock, valued at approximately $2,678,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ruggie Capital Group grew its holdings in shares of Mcdonald’s by 3,020.0% in the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 151 shares during the period. Gantzert Investment Co. LLC ADV bought a new stake in shares of Mcdonald’s in the fourth quarter worth $31,000. Aspire Private Capital LLC bought a new stake in shares of Mcdonald’s in the fourth quarter worth $32,000. Focused Wealth Management Inc grew its holdings in shares of Mcdonald’s by 4,500.0% in the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after acquiring an additional 180 shares during the period. Finally, Highwater Wealth Management LLC bought a new stake in Mcdonald’s during the fourth quarter valued at about $38,000. 69.03% of the stock is owned by institutional investors.

NYSE MCD opened at $199.07 on Thursday. The stock has a market capitalization of $151.97 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.78 and a beta of 0.54. Mcdonald’s Corp has a twelve month low of $153.13 and a twelve month high of $200.36.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $1.79 EPS. On average, research analysts forecast that Mcdonald’s Corp will post 8.04 EPS for the current year.

Several analysts have issued reports on the company. Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Stephens boosted their price target on Mcdonald’s from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. SunTrust Banks boosted their price target on Mcdonald’s to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Telsey Advisory Group reissued an “outperform” rating and set a $210.00 price target (up previously from $195.00) on shares of Mcdonald’s in a report on Friday, April 5th. Finally, BTIG Research boosted their price target on Mcdonald’s to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $202.39.

In other news, CFO Kevin M. Ozan sold 40,930 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total value of $8,018,187.00. Following the completion of the transaction, the chief financial officer now owns 42,647 shares of the company’s stock, valued at $8,354,547.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher J. Kempczinski sold 38,729 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $195.21, for a total value of $7,560,288.09. Following the completion of the sale, the insider now owns 11,658 shares in the company, valued at $2,275,758.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,300 shares of company stock valued at $19,632,367. Corporate insiders own 0.25% of the company’s stock.

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

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