McDonald’s Co. (NYSE:MCD) Shares Sold by Bellecapital International Ltd.

Bellecapital International Ltd. lessened its position in McDonald’s Co. (NYSE:MCDGet Rating) by 31.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,234 shares of the fast-food giant’s stock after selling 1,494 shares during the period. Bellecapital International Ltd.’s holdings in McDonald’s were worth $746,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd increased its holdings in shares of McDonald’s by 103.4% in the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock valued at $102,000 after purchasing an additional 210 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of McDonald’s by 7.7% in the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after purchasing an additional 5,007 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of McDonald’s by 4.8% in the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after purchasing an additional 23,643 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of McDonald’s in the 1st quarter valued at about $1,108,000. Finally, Equitable Holdings Inc. increased its holdings in shares of McDonald’s by 59.7% in the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after purchasing an additional 3,490 shares in the last quarter. Institutional investors and hedge funds own 66.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wells Fargo & Company assumed coverage on shares of McDonald’s in a report on Monday. They set an “equal weight” rating and a $280.00 target price for the company. Morgan Stanley raised their target price on shares of McDonald’s from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. Deutsche Bank Aktiengesellschaft raised their target price on shares of McDonald’s from $262.00 to $263.00 in a report on Thursday, January 5th. Citigroup raised their target price on shares of McDonald’s from $265.00 to $270.00 and gave the company a “neutral” rating in a report on Thursday, December 1st. Finally, KeyCorp raised their target price on shares of McDonald’s from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, October 28th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $289.19.

McDonald’s Stock Up 0.1 %

MCD stock traded up $0.39 during trading on Wednesday, hitting $269.95. 203,162 shares of the company’s stock traded hands, compared to its average volume of 2,406,285. McDonald’s Co. has a 52 week low of $217.68 and a 52 week high of $281.67. The stock has a fifty day moving average price of $269.69 and a two-hundred day moving average price of $260.95. The stock has a market capitalization of $197.72 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 3.14 and a beta of 0.63.

McDonald’s (NYSE:MCDGet Rating) last released its earnings results on Thursday, October 27th. The fast-food giant reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.11. McDonald’s had a net margin of 25.42% and a negative return on equity of 123.40%. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the previous year, the firm earned $2.76 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts expect that McDonald’s Co. will post 9.93 EPS for the current fiscal year.

McDonald’s Profile

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McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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