SG Americas Securities LLC cut its holdings in shares of McDonald's Co. (NYSE:MCD) by 41.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 782,847 shares of the fast-food giant’s stock after selling 549,517 shares during the quarter. McDonald's accounts for about 1.1% of SG Americas Securities LLC’s investment portfolio, making the stock its 10th largest holding. SG Americas Securities LLC’s holdings in McDonald's were worth $122,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Canada Pension Plan Investment Board lifted its holdings in shares of McDonald's by 1.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after buying an additional 4,300 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of McDonald's by 10.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after buying an additional 44,899 shares during the last quarter. Tredje AP fonden lifted its holdings in shares of McDonald's by 26.7% during the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after buying an additional 25,380 shares during the last quarter. Beaton Management Co. Inc. acquired a new stake in shares of McDonald's during the 2nd quarter valued at about $555,000. Finally, Buckingham Asset Management LLC lifted its holdings in shares of McDonald's by 157.5% during the 2nd quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after buying an additional 11,604 shares during the last quarter. Hedge funds and other institutional investors own 67.30% of the company’s stock.

Shares of McDonald's Co. (MCD) opened at $176.21 on Tuesday. McDonald's Co. has a 1 year low of $119.82 and a 1 year high of $176.83. The firm has a market capitalization of $142,730.00, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 2.78 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald's (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The business’s revenue was down 10.4% compared to the same quarter last year. equities research analysts anticipate that McDonald's Co. will post 6.53 EPS for the current fiscal year.

Several equities research analysts recently weighed in on MCD shares. Goldman Sachs Group set a $200.00 target price on McDonald's and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $196.00 target price for the company in a report on Thursday, January 18th. Barclays restated an “overweight” rating and issued a $205.00 target price (up from $193.00) on shares of McDonald's in a report on Tuesday, January 16th. JPMorgan Chase & Co. set a $186.00 target price on McDonald's and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Cowen restated a “buy” rating and issued a $200.00 target price on shares of McDonald's in a report on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $179.68.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction 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 transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

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McDonald's Company 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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