Jarislowsky Fraser Ltd lifted its position in McDonald's Co. (NYSE:MCD) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,268 shares of the fast-food giant’s stock after acquiring an additional 300 shares during the period. Jarislowsky Fraser Ltd’s holdings in McDonald's were worth $7,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its position in McDonald's by 1.0% during the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after buying an additional 4,300 shares in the last quarter. Teacher Retirement System of Texas lifted its position in McDonald's by 10.6% during the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after buying an additional 44,899 shares in the last quarter. Tredje AP fonden lifted its position in McDonald's by 26.7% during the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after buying an additional 25,380 shares in the last quarter. Beaton Management Co. Inc. purchased a new position in McDonald's during the second quarter worth approximately $555,000. Finally, Buckingham Asset Management LLC lifted its position in McDonald's by 157.5% during the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock worth $2,906,000 after buying an additional 11,604 shares in the last quarter. 67.30% of the stock is currently owned by hedge funds and other institutional investors.

In related 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 transaction 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 approximately $8,378,632.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

MCD has been the topic of a number of research analyst reports. 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. Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research report on Tuesday, September 26th. Longbow Research upgraded McDonald's from a “neutral” rating to a “buy” rating and lifted their target price for the company from $154.05 to $183.00 in a research report on Thursday, September 28th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $180.00 target price (up previously from $170.00) on shares of McDonald's in a research report on Monday, October 2nd. Nine analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $179.28.

Shares of McDonald's Co. (MCD) opened at $173.68 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The stock has a market capitalization of $138,367.52, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.75 and a beta of 0.67. McDonald's Co. has a 1-year low of $119.82 and a 1-year high of $175.78.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 EPS. research analysts forecast 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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