Mn Services Vermogensbeheer B.V. Lowers Holdings in McDonald's Co. (MCD)
Mn Services Vermogensbeheer B.V. trimmed its position in McDonald's Co. (NYSE:MCD) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 134,374 shares of the fast-food giant’s stock after selling 1,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in McDonald's were worth $21,054,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of McDonald's in the 2nd quarter worth $322,000. Phocas Financial Corp. purchased a new stake in shares of McDonald's in the 2nd quarter worth $107,000. Proficio Capital Partners LLC lifted its holdings in shares of McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after buying an additional 5 shares during the period. Howe & Rusling Inc. lifted its holdings in shares of McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after buying an additional 360 shares during the period. Finally, Acrospire Investment Management LLC purchased a new stake in shares of McDonald's in the 2nd quarter worth $153,000. Institutional investors and hedge funds own 67.27% of the company’s stock.
McDonald's Co. (MCD) opened at $174.05 on Friday. McDonald's Co. has a 1 year low of $118.52 and a 1 year high of $175.78. The stock has a market capitalization of $140,980.00, a PE ratio of 25.12, a P/E/G ratio of 2.63 and a beta of 0.67. 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 (NYSE:MCD) last announced its earnings results 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. 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 analyst estimates of $5.75 billion. During the same period in the prior year, the company posted $1.62 EPS. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. equities analysts predict that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.
MCD has been the subject of several research reports. Goldman Sachs Group set a $172.00 target price on McDonald's and gave the stock a “buy” rating in a report on Friday, October 13th. Longbow Research upgraded McDonald's from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $154.05 to $183.00 in a research note on Thursday, September 28th. Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Tuesday, September 26th. Credit Suisse Group set a $170.00 price objective on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, September 20th. Finally, Sanford C. Bernstein set a $180.00 price objective on McDonald's and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. McDonald's presently has a consensus rating of “Buy” and a consensus price target of $178.52.
In other news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the 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 completion of the transaction, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
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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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