Global X MANAGEMENT CO LLC lifted its stake in shares of McDonald's Co. (NYSE:MCD) by 7.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,653 shares of the fast-food giant’s stock after purchasing an additional 452 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in McDonald's were worth $1,042,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MCD. Jennison Associates LLC raised its position in McDonald's by 14.1% in the third quarter. Jennison Associates LLC now owns 6,972,117 shares of the fast-food giant’s stock worth $1,092,391,000 after acquiring an additional 862,287 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in McDonald's by 3.4% in the third quarter. Candriam Luxembourg S.C.A. now owns 106,551 shares of the fast-food giant’s stock worth $16,694,000 after acquiring an additional 3,529 shares in the last quarter. Corundum Group Inc. raised its position in McDonald's by 17.3% in the third quarter. Corundum Group Inc. now owns 2,159 shares of the fast-food giant’s stock worth $338,000 after acquiring an additional 318 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its position in McDonald's by 8.9% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 194,887 shares of the fast-food giant’s stock worth $30,535,000 after acquiring an additional 15,884 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA raised its position in McDonald's by 1.5% in the third quarter. Roffman Miller Associates Inc. PA now owns 144,974 shares of the fast-food giant’s stock worth $22,714,000 after acquiring an additional 2,073 shares in the last quarter. Institutional investors and hedge funds own 67.28% of the company’s stock.

McDonald's Co. (NYSE MCD) opened at $173.57 on Friday. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's Co. has a 12 month low of $119.82 and a 12 month high of $175.78. The firm has a market capitalization of $140,590.00, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67.

McDonald's (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the previous year, the business posted $1.62 EPS. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. equities research analysts forecast that McDonald's Co. will post 6.53 earnings per share for the current year.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of McDonald'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 transaction, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 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. Insiders own 0.24% of the company’s stock.

Several brokerages have commented on MCD. Credit Suisse Group reiterated an “outperform” rating and issued a $185.00 price target (up from $178.00) on shares of McDonald's in a research report on Tuesday, December 19th. Goldman Sachs Group set a $190.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Friday, January 5th. Cowen reiterated a “buy” rating and issued a $200.00 price target on shares of McDonald's in a research report on Friday, January 5th. Piper Jaffray Companies boosted their price target on shares of McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Finally, JPMorgan Chase & Co. set a $186.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $178.88.

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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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