McDonald's Co. (MCD) Stake Lowered by Founders Capital Management LLC
Founders Capital Management LLC decreased its position in McDonald's Co. (NYSE:MCD) by 22.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,517 shares of the fast-food giant’s stock after selling 4,119 shares during the quarter. McDonald's makes up approximately 1.1% of Founders Capital Management LLC’s portfolio, making the stock its 27th largest holding. Founders Capital Management LLC’s holdings in McDonald's were worth $2,275,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its stake in shares of McDonald's by 1.0% in the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after acquiring an additional 4,300 shares during the last quarter. Legacy Capital Partners Inc. grew its stake in shares of McDonald's by 7.0% in the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after acquiring an additional 1,706 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of McDonald's by 10.6% in the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after acquiring an additional 44,899 shares during the last quarter. Tredje AP fonden grew its stake in shares of McDonald's by 26.7% in the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after acquiring an additional 25,380 shares during the last quarter. Finally, Buckingham Asset Management LLC boosted its stake in McDonald's by 157.5% during the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock worth $2,906,000 after buying an additional 11,604 shares in the last quarter. 67.27% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the stock. ValuEngine downgraded shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group set a $180.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Robert W. Baird reiterated an “outperform” rating and set a $170.00 price target on shares of McDonald's in a research note on Tuesday, October 3rd. Royal Bank of Canada lifted their price target on shares of McDonald's from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, October 13th. Finally, Longbow Research upgraded shares of McDonald's from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $154.05 to $183.00 in a research note on Thursday, September 28th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. McDonald's presently has an average rating of “Buy” and a consensus price target of $175.62.
In other news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, 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. Insiders own 0.24% of the company’s stock.
Shares of McDonald's Co. (MCD) opened at $171.42 on Tuesday. The firm has a market capitalization of $136,653.56, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.80 and a beta of 0.67. McDonald's Co. has a twelve month low of $118.18 and a twelve month high of $175.78. 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 (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 EPS. equities analysts anticipate that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.
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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