Loeb Partners Corp reduced its position in McDonald's Co. (NYSE:MCD) by 22.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,900 shares of the fast-food giant’s stock after selling 13,125 shares during the period. McDonald's makes up approximately 2.2% of Loeb Partners Corp’s holdings, making the stock its 9th largest holding. Loeb Partners Corp’s holdings in McDonald's were worth $7,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Jennison Associates LLC lifted its stake in shares of McDonald's by 681.3% in the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after purchasing an additional 5,327,778 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of McDonald's by 3,951.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after purchasing an additional 4,313,253 shares in the last quarter. FMR LLC lifted its stake in shares of McDonald's by 72.9% in the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after purchasing an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of McDonald's by 69.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after purchasing an additional 3,110,669 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of McDonald's by 3.0% in the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after purchasing an additional 1,586,761 shares in the last quarter. 67.29% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Shares of McDonald's Co. (NYSE:MCD) opened at $171.42 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald's Co. has a twelve month low of $118.18 and a twelve month high of $175.78. The stock has a market capitalization of $136,996.36, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the previous year, the business earned $1.62 EPS. McDonald's’s revenue for the quarter was down 10.4% compared to the same quarter last year. equities analysts anticipate that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

Several equities analysts recently commented on MCD shares. Mizuho reissued a “buy” rating and set a $173.00 price target (up from $170.00) on shares of McDonald's in a research report on Wednesday, September 13th. Goldman Sachs Group set a $173.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Robert W. Baird reissued a “buy” rating and set a $170.00 price target on shares of McDonald's in a research report on Friday, September 1st. Deutsche Bank set a $185.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $175.00 price target on shares of McDonald's in a research report on Friday, September 8th. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $175.62.

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McDonald's Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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