Tortoise Investment Management LLC Has $201,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Tortoise Investment Management LLC lifted its position in McDonald’s Co. (NYSE:MCDGet Rating) by 7.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 873 shares of the fast-food giant’s stock after buying an additional 57 shares during the quarter. Tortoise Investment Management LLC’s holdings in McDonald’s were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. PrairieView Partners LLC lifted its stake in McDonald’s by 18.5% in the third quarter. PrairieView Partners LLC now owns 237 shares of the fast-food giant’s stock valued at $55,000 after buying an additional 37 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in McDonald’s by 9.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 454 shares of the fast-food giant’s stock valued at $112,000 after buying an additional 39 shares during the period. Grimes & Company Inc. lifted its stake in McDonald’s by 0.3% in the third quarter. Grimes & Company Inc. now owns 12,136 shares of the fast-food giant’s stock valued at $2,800,000 after buying an additional 39 shares during the period. Cribstone Capital Management LLC lifted its stake in McDonald’s by 13.4% in the second quarter. Cribstone Capital Management LLC now owns 347 shares of the fast-food giant’s stock valued at $86,000 after buying an additional 41 shares during the period. Finally, FirstPurpose Wealth LLC lifted its stake in McDonald’s by 4.5% in the third quarter. FirstPurpose Wealth LLC now owns 954 shares of the fast-food giant’s stock valued at $220,000 after buying an additional 41 shares during the period. 66.86% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $269.56 on Wednesday. The company has a market capitalization of $197.43 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 3.14 and a beta of 0.63. The business has a fifty day moving average price of $269.69 and a two-hundred day moving average price of $260.95. McDonald’s Co. has a 1 year low of $217.68 and a 1 year high of $302.00.

McDonald’s (NYSE:MCDGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The fast-food giant reported $2.68 EPS 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 for the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. Sell-side analysts anticipate that McDonald’s Co. will post 9.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price objective on McDonald’s from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. Wedbush boosted their price objective on McDonald’s from $265.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 27th. KeyCorp boosted their price objective on McDonald’s from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, October 28th. Cowen boosted their price objective on McDonald’s from $280.00 to $293.00 and gave the company an “outperform” rating in a report on Friday, October 28th. Finally, Guggenheim decreased their price objective on McDonald’s to $280.00 in a report on Thursday, October 27th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.96.

McDonald’s 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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