Arete Wealth Advisors LLC Increases Stake in Mcdonald’s Corp (MCD)

Arete Wealth Advisors LLC grew its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 135.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,952 shares of the fast-food giant’s stock after buying an additional 2,277 shares during the period. Arete Wealth Advisors LLC’s holdings in Mcdonald’s were worth $702,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Two Sigma Advisers LP boosted its holdings in shares of Mcdonald’s by 3,751.7% during the 4th quarter. Two Sigma Advisers LP now owns 1,416,065 shares of the fast-food giant’s stock valued at $251,451,000 after buying an additional 1,379,300 shares in the last quarter. AT Bancorp boosted its holdings in shares of Mcdonald’s by 3.0% during the 4th quarter. AT Bancorp now owns 4,280 shares of the fast-food giant’s stock valued at $760,000 after buying an additional 123 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Mcdonald’s during the 4th quarter valued at $302,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Mcdonald’s during the 4th quarter valued at $2,841,000. Finally, Stone Ridge Asset Management LLC boosted its holdings in shares of Mcdonald’s by 122.9% during the 4th quarter. Stone Ridge Asset Management LLC now owns 11,159 shares of the fast-food giant’s stock valued at $1,982,000 after buying an additional 6,152 shares in the last quarter. Hedge funds and other institutional investors own 68.80% of the company’s stock.

In other Mcdonald’s news, VP Catherine A. Hoovel sold 1,328 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $175.95, for a total value of $233,661.60. Following the completion of the transaction, the vice president now owns 2,499 shares of the company’s stock, valued at approximately $439,699.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert Lane Gibbs sold 22,036 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $180.95, for a total value of $3,987,414.20. The disclosure for this sale can be found here. In the last three months, insiders sold 129,775 shares of company stock valued at $23,249,437. 0.22% of the stock is owned by insiders.

Shares of NYSE:MCD opened at $194.91 on Monday. Mcdonald’s Corp has a fifty-two week low of $153.13 and a fifty-two week high of $195.00. The stock has a market capitalization of $148.81 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 2.74 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.07. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the firm earned $1.71 EPS. Mcdonald’s’s revenue was down 3.3% on a year-over-year basis. As a group, equities analysts forecast that Mcdonald’s Corp will post 8.11 earnings per share for the current year.

MCD has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Mcdonald’s from $196.00 to $205.00 in a report on Monday, April 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $205.00 price target on shares of Mcdonald’s in a research note on Wednesday, January 30th. Zacks Investment Research upgraded shares of Mcdonald’s from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $210.00 price target (up previously from $195.00) on shares of Mcdonald’s in a research note on Friday, April 5th. Finally, Wells Fargo & Co upped their price target 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. Six analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $195.50.

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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, 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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