Savant Capital LLC Has $3.82 Million Holdings in Mcdonald’s Corp (NYSE:MCD)

Savant Capital LLC trimmed its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 1.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,110 shares of the fast-food giant’s stock after selling 358 shares during the period. Savant Capital LLC’s holdings in Mcdonald’s were worth $3,821,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ballentine Partners LLC boosted its position in Mcdonald’s by 0.3% in the 4th quarter. Ballentine Partners LLC now owns 15,044 shares of the fast-food giant’s stock valued at $2,974,000 after buying an additional 50 shares during the last quarter. Coastal Capital Group Inc. boosted its position in Mcdonald’s by 7.1% in the 4th quarter. Coastal Capital Group Inc. now owns 759 shares of the fast-food giant’s stock valued at $149,000 after buying an additional 50 shares during the last quarter. Westhampton Capital LLC boosted its position in Mcdonald’s by 0.7% in the 4th quarter. Westhampton Capital LLC now owns 7,138 shares of the fast-food giant’s stock valued at $1,411,000 after buying an additional 50 shares during the last quarter. Hendley & Co. Inc. boosted its position in Mcdonald’s by 5.0% in the 4th quarter. Hendley & Co. Inc. now owns 1,045 shares of the fast-food giant’s stock valued at $207,000 after buying an additional 50 shares during the last quarter. Finally, Security National Trust Co. boosted its position in Mcdonald’s by 0.7% in the 4th quarter. Security National Trust Co. now owns 7,236 shares of the fast-food giant’s stock valued at $1,429,000 after buying an additional 52 shares during the last quarter. 67.30% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on MCD shares. Deutsche Bank raised their price target on Mcdonald’s from $171.00 to $178.00 and gave the stock a “hold” rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on Mcdonald’s from $168.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley raised their price target on Mcdonald’s from $183.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday. Tigress Financial upgraded Mcdonald’s from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Finally, Wells Fargo & Co reduced their target price on Mcdonald’s from $213.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $207.48.

Shares of NYSE:MCD traded down $1.60 during trading on Monday, hitting $181.06. 1,387,709 shares of the company were exchanged, compared to its average volume of 4,789,235. The business’s 50 day moving average is $171.64 and its 200-day moving average is $194.68. The company has a market capitalization of $136.16 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 4.16 and a beta of 0.67. Mcdonald’s Corp has a 1-year low of $124.23 and a 1-year high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, April 30th. The fast-food giant reported $1.47 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.12). The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.66 billion. Mcdonald’s had a net margin of 27.86% and a negative return on equity of 73.42%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. On average, equities research analysts expect that Mcdonald’s Corp will post 5.87 EPS for the current year.

In other Mcdonald’s news, EVP Daniel Henry sold 3,035 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $215.54, for a total transaction of $654,163.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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