QS Investors LLC Trims Stake in Mcdonald’s Corp (MCD)

QS Investors LLC trimmed its holdings in Mcdonald’s Corp (NYSE:MCD) by 20.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,221 shares of the fast-food giant’s stock after selling 38,895 shares during the period. QS Investors LLC’s holdings in Mcdonald’s were worth $26,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Marathon Capital Management raised its stake in Mcdonald’s by 36.6% in the fourth quarter. Marathon Capital Management now owns 1,717 shares of the fast-food giant’s stock valued at $304,000 after buying an additional 460 shares during the period. United Income Inc. acquired a new position in shares of Mcdonald’s in the fourth quarter valued at approximately $550,000. Manning & Napier Group LLC grew its position in shares of Mcdonald’s by 5.8% in the fourth quarter. Manning & Napier Group LLC now owns 152,951 shares of the fast-food giant’s stock valued at $27,159,000 after purchasing an additional 8,368 shares during the last quarter. Pekin Singer Strauss Asset Management IL grew its position in shares of Mcdonald’s by 28.8% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 7,944 shares of the fast-food giant’s stock valued at $1,411,000 after purchasing an additional 1,774 shares during the last quarter. Finally, Cozad Asset Management Inc. grew its position in shares of Mcdonald’s by 5.0% in the fourth quarter. Cozad Asset Management Inc. now owns 7,398 shares of the fast-food giant’s stock valued at $1,314,000 after purchasing an additional 355 shares during the last quarter. 68.87% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Catherine A. Hoovel sold 1,328 shares of the stock in a transaction on 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 directly owns 2,499 shares in the company, valued at approximately $439,699.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin M. Ozan sold 40,930 shares of the stock in a transaction on Wednesday, May 1st. The shares were 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 101,628 shares of company stock worth $19,866,029. Company insiders own 0.25% of the company’s stock.

Several equities analysts have recently commented on the company. BTIG Research upped their target price on Mcdonald’s to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. SunTrust Banks upped their target price on Mcdonald’s to $230.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Bank of America upped their target price on Mcdonald’s from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Longbow Research downgraded Mcdonald’s from a “buy” rating to a “neutral” rating and decreased their target price for the company from $200.00 to $197.00 in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $202.39.

Shares of MCD stock traded up $2.26 during trading hours on Friday, reaching $199.99. The company’s stock had a trading volume of 2,668,752 shares, compared to its average volume of 2,566,460. The company has a market cap of $150.98 billion, a PE ratio of 25.32, a P/E/G ratio of 2.76 and a beta of 0.54. Mcdonald’s Corp has a fifty-two week low of $153.13 and a fifty-two week high of $200.36.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.01). The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. Mcdonald’s had a net margin of 28.20% and a negative return on equity of 95.31%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.79 EPS. Analysts expect that Mcdonald’s Corp will post 8.04 EPS for the current fiscal year.

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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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