Keybank National Association OH lessened its holdings in McDonald's Co. (NYSE:MCD) by 1.9% during the third quarter, HoldingsChannel.com reports. The fund owned 718,358 shares of the fast-food giant’s stock after selling 13,770 shares during the quarter. Keybank National Association OH’s holdings in McDonald's were worth $112,553,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Stoneridge Investment Partners LLC acquired a new stake in McDonald's during the 3rd quarter valued at $3,081,000. United Asset Strategies Inc. grew its holdings in McDonald's by 34.6% during the 3rd quarter. United Asset Strategies Inc. now owns 1,850 shares of the fast-food giant’s stock valued at $290,000 after purchasing an additional 476 shares in the last quarter. USA Financial Portformulas Corp grew its holdings in McDonald's by 12.3% during the 3rd quarter. USA Financial Portformulas Corp now owns 49,024 shares of the fast-food giant’s stock valued at $7,681,000 after purchasing an additional 5,383 shares in the last quarter. Cambridge Trust Co. grew its holdings in McDonald's by 1.8% during the 3rd quarter. Cambridge Trust Co. now owns 83,764 shares of the fast-food giant’s stock valued at $13,125,000 after purchasing an additional 1,460 shares in the last quarter. Finally, West Coast Financial LLC grew its holdings in McDonald's by 50.6% during the 3rd quarter. West Coast Financial LLC now owns 2,982 shares of the fast-food giant’s stock valued at $467,000 after purchasing an additional 1,002 shares in the last quarter. 67.28% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on MCD shares. Wells Fargo & Co set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Royal Bank of Canada set a $190.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Thursday, December 21st. Deutsche Bank set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Friday, October 20th. Canaccord Genuity reaffirmed a “hold” rating and set a $170.00 price target on shares of McDonald's in a report on Friday, October 6th. Finally, Goldman Sachs Group set a $180.00 price target on shares of McDonald's and gave the company a “buy” rating in a report on Tuesday, December 12th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. McDonald's presently has an average rating of “Buy” and a consensus target price of $178.52.

In related news, VP James R. Sappington sold 8,046 shares of McDonald's stock in a transaction dated 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 sale, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

McDonald's Co. (NYSE:MCD) opened at $173.51 on Thursday. McDonald's Co. has a fifty-two week low of $119.82 and a fifty-two week high of $175.78. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The company has a market cap of $140,540.00, a PE ratio of 25.04, a PEG ratio of 2.61 and a beta of 0.67.

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

WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.watchlistnews.com/keybank-national-association-oh-cuts-stake-in-mcdonalds-co-mcd/1802507.html.

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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with Analyst Ratings Network's FREE daily email newsletter.