Community Bank N.A. cut its position in McDonald’s (NYSE:MCD) by 14.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,601 shares of the fast-food giant’s stock after selling 2,214 shares during the period. Community Bank N.A.’s holdings in McDonald’s were worth $1,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in shares of McDonald’s by 58.2% during the first quarter. SG Americas Securities LLC now owns 1,251,403 shares of the fast-food giant’s stock worth $195,694,000 after acquiring an additional 460,368 shares during the period. Wellington Shields Capital Management LLC raised its holdings in shares of McDonald’s by 21.0% during the first quarter. Wellington Shields Capital Management LLC now owns 4,739 shares of the fast-food giant’s stock worth $741,000 after acquiring an additional 824 shares during the period. TCI Wealth Advisors Inc. raised its holdings in shares of McDonald’s by 1.3% during the first quarter. TCI Wealth Advisors Inc. now owns 25,256 shares of the fast-food giant’s stock worth $3,949,000 after acquiring an additional 318 shares during the period. Boys Arnold & Co. Inc. raised its holdings in shares of McDonald’s by 1.7% during the first quarter. Boys Arnold & Co. Inc. now owns 23,530 shares of the fast-food giant’s stock worth $3,736,000 after acquiring an additional 390 shares during the period. Finally, Atria Investments LLC raised its holdings in shares of McDonald’s by 7.4% during the first quarter. Atria Investments LLC now owns 23,269 shares of the fast-food giant’s stock worth $3,639,000 after acquiring an additional 1,602 shares during the period. Institutional investors own 67.90% of the company’s stock.

A number of brokerages recently commented on MCD. Bank of America set a $200.00 price objective on shares of McDonald’s and gave the stock a “buy” rating in a report on Monday, January 29th. Credit Suisse Group restated an “outperform” rating and set a $191.00 price objective (up from $185.00) on shares of McDonald’s in a report on Tuesday, January 23rd. Nomura restated a “buy” rating and set a $198.00 price objective (up from $190.00) on shares of McDonald’s in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and set a $196.00 price objective on the stock in a report on Thursday, January 18th. Finally, Goldman Sachs set a $200.00 price objective on shares of McDonald’s and gave the stock a “buy” rating in a report on Friday, January 19th. Nine investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $184.03.

Shares of McDonald’s opened at $161.31 on Friday, according to MarketBeat. McDonald’s has a one year low of $162.00 and a one year high of $163.94. The stock has a market capitalization of $128.03 billion, a PE ratio of 24.22, a PEG ratio of 2.40 and a beta of 0.63. The company has a quick ratio of 1.72, a current ratio of 1.74 and a debt-to-equity ratio of -6.54.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the firm posted $1.47 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. research analysts forecast that McDonald’s will post 7.66 earnings per share for the current fiscal year.

In related news, EVP Kevin M. Ozan sold 18,636 shares of McDonald’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the completion of the sale, the executive vice president now owns 29,800 shares of the company’s stock, valued at approximately $4,937,562. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas M. Goare sold 13,255 shares of McDonald’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $165.40, for a total transaction of $2,192,377.00. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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