Kornitzer Capital Management Inc. KS decreased its stake in shares of McDonald's Co. (NYSE:MCD) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,151 shares of the fast-food giant’s stock after selling 2,884 shares during the quarter. McDonald's makes up 0.7% of Kornitzer Capital Management Inc. KS’s investment portfolio, making the stock its 28th biggest holding. Kornitzer Capital Management Inc. KS’s holdings in McDonald's were worth $42,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of McDonald's by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock valued at $8,776,174,000 after acquiring an additional 906,303 shares during the last quarter. BlackRock Inc. increased its holdings 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 acquiring an additional 1,586,761 shares during the last quarter. Capital World Investors increased its holdings in shares of McDonald's by 2.8% in the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after acquiring an additional 606,232 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of McDonald's by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock valued at $1,846,905,000 after acquiring an additional 1,572,074 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of McDonald's by 3.1% in the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after acquiring an additional 360,212 shares during the last quarter. Institutional investors own 67.27% of the company’s stock.

In related news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

MCD has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $175.00 price objective on shares of McDonald's in a report on Friday, September 8th. Mizuho reissued a “buy” rating and issued a $173.00 target price (up from $170.00) on shares of McDonald's in a research report on Wednesday, September 13th. Sanford C. Bernstein set a $180.00 target price on McDonald's and gave the company a “buy” rating in a research report on Tuesday, September 19th. Credit Suisse Group set a $170.00 target price on McDonald's and gave the company a “buy” rating in a research report on Wednesday, September 20th. Finally, Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Tuesday, September 26th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. McDonald's currently has an average rating of “Buy” and a consensus target price of $178.52.

McDonald's Co. (NYSE:MCD) opened at $174.05 on Friday. McDonald's Co. has a one year low of $118.52 and a one year high of $175.78. The firm has a market capitalization of $140,980.00, a P/E ratio of 25.12, a P/E/G ratio of 2.62 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.

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

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About McDonald's

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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