Triglav Investments D.O.O. Purchases 3,879 Shares of McDonald’s Corporation $MCD

Triglav Investments D.O.O. lifted its position in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 54.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,034 shares of the fast-food giant’s stock after buying an additional 3,879 shares during the quarter. Triglav Investments D.O.O.’s holdings in McDonald’s were worth $3,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MCD. WD Rutherford LLC increased its holdings in shares of McDonald’s by 1.0% during the third quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock worth $991,000 after purchasing an additional 33 shares during the period. Redhawk Wealth Advisors Inc. increased its stake in McDonald’s by 1.4% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock worth $736,000 after acquiring an additional 34 shares during the period. Symmetry Partners LLC raised its holdings in McDonald’s by 2.0% in the 3rd quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock valued at $538,000 after acquiring an additional 34 shares in the last quarter. Jackson Hole Capital Partners LLC lifted its position in shares of McDonald’s by 0.3% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock valued at $3,352,000 after acquiring an additional 34 shares during the period. Finally, NorthStar Asset Management LLC NJ grew its holdings in shares of McDonald’s by 3.6% during the 2nd quarter. NorthStar Asset Management LLC NJ now owns 1,003 shares of the fast-food giant’s stock worth $293,000 after purchasing an additional 35 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $323.28 on Thursday. McDonald’s Corporation has a 52-week low of $283.47 and a 52-week high of $326.95. The company has a market capitalization of $230.22 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.23 and a beta of 0.52. The company has a fifty day moving average of $310.43 and a 200-day moving average of $306.92.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the firm earned $3.23 EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

Insider Transactions at McDonald’s

In other news, CFO Ian Frederick Borden sold 17,134 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the sale, the chief financial officer directly owned 26,353 shares in the company, valued at approximately $8,169,430. The trade was a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the transaction, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,407,133. This represents a 58.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 32,008 shares of company stock valued at $9,895,452. Company insiders own 0.25% of the company’s stock.

Trending Headlines about McDonald’s

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Oppenheimer raised shares of McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 price objective for the company in a research report on Tuesday, January 6th. Robert W. Baird upped their price target on shares of McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Royal Bank Of Canada initiated coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective on the stock. Citigroup cut their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company raised their target price on McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Fifteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $331.37.

Get Our Latest Stock Report on MCD

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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