Blue Fin Capital Inc. increased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,414 shares of the fast-food giant’s stock after purchasing an additional 98 shares during the quarter. Blue Fin Capital Inc.’s holdings in Mcdonald’s were worth $1,240,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. acquired a new stake in shares of Mcdonald’s during the second quarter worth $104,000. NuWave Investment Management LLC boosted its holdings in shares of Mcdonald’s by 2,485.2% during the 3rd quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after buying an additional 671 shares during the period. Truvestments Capital LLC bought a new stake in shares of Mcdonald’s during the 3rd quarter worth about $122,000. Sound Income Strategies LLC boosted its holdings in shares of Mcdonald’s by 69.2% during the 3rd quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock worth $124,000 after buying an additional 304 shares during the period. Finally, Patton Albertson Miller Group LLC bought a new stake in shares of Mcdonald’s during the 3rd quarter worth about $181,000. 67.16% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Ian Frederick Borden sold 4,782 shares of the company’s stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $177.68, for a total value of $849,665.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the completion of the transaction, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,041 shares of company stock worth $38,839,407. Company insiders own 0.22% of the company’s stock.
Shares of MCD stock traded down $0.05 during trading hours on Friday, hitting $181.50. 129,637 shares of the company’s stock were exchanged, compared to its average volume of 3,419,010. The company has a market capitalization of $138.99 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59. Mcdonald’s Corp has a 12-month low of $146.84 and a 12-month high of $190.88.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the business posted $1.76 EPS. The company’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, equities analysts forecast that Mcdonald’s Corp will post 7.76 EPS for the current fiscal year.
A number of analysts have issued reports on MCD shares. Barclays set a $198.00 price objective on shares of Mcdonald’s and gave the company a “buy” rating in a report on Monday, November 19th. Morgan Stanley upgraded shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $173.00 to $210.00 in a research report on Thursday, November 29th. Piper Jaffray Companies boosted their target price on shares of Mcdonald’s to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, November 28th. Jefferies Financial Group restated a “buy” rating and issued a $200.00 target price on shares of Mcdonald’s in a research report on Tuesday, December 4th. Finally, Cowen boosted their target price on shares of Mcdonald’s from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, November 9th. Seven investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Mcdonald’s presently has a consensus rating of “Buy” and an average target price of $191.76.
Mcdonald’s Company Profile
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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