Panagora Asset Management Inc. Buys 16,159 Shares of McDonald’s Corp. (MCD)

Panagora Asset Management Inc. increased its stake in McDonald’s Corp. (NYSE:MCD) by 8.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,604 shares of the fast-food giant’s stock after buying an additional 16,159 shares during the period. Panagora Asset Management Inc.’s holdings in McDonald’s Corp. were worth $26,595,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMG National Trust Bank increased its position in shares of McDonald’s Corp. by 3.9% in the fourth quarter. AMG National Trust Bank now owns 8,844 shares of the fast-food giant’s stock valued at $1,045,000 after buying an additional 334 shares during the last quarter. Northstar Investment Advisors LLC increased its position in shares of McDonald’s Corp. by 2.3% in the fourth quarter. Northstar Investment Advisors LLC now owns 71,648 shares of the fast-food giant’s stock worth $8,465,000 after buying an additional 1,601 shares in the last quarter. Bank of Hawaii increased its position in shares of McDonald’s Corp. by 14.3% in the fourth quarter. Bank of Hawaii now owns 96,306 shares of the fast-food giant’s stock worth $11,378,000 after buying an additional 12,043 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of McDonald’s Corp. by 77.2% in the fourth quarter. OppenheimerFunds Inc. now owns 1,816,675 shares of the fast-food giant’s stock worth $214,638,000 after buying an additional 791,673 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its position in shares of McDonald’s Corp. by 6.6% in the fourth quarter. Calamos Wealth Management LLC now owns 9,787 shares of the fast-food giant’s stock worth $1,156,000 after buying an additional 605 shares in the last quarter.

Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.05% on Thursday, hitting $119.42. The stock had a trading volume of 6,227,363 shares. McDonald’s Corp. has a 12 month low of $87.50 and a 12 month high of $131.96. The company has a 50 day moving average price of $122.31 and a 200-day moving average price of $122.74. The stock has a market cap of $104.83 billion and a PE ratio of 22.80.

McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. During the same period last year, the company earned $1.26 earnings per share. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.28 billion. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Corp. will post $5.55 earnings per share for the current year.

MCD has been the topic of a number of recent analyst reports. SunTrust Banks Inc. reissued a “buy” rating and issued a $145.00 price objective (up from $135.00) on shares of McDonald’s Corp. in a research note on Wednesday, April 20th. Bank of America Corp. reissued a “buy” rating on shares of McDonald’s Corp. in a research note on Monday, April 18th. Nomura set a $138.00 price objective on McDonald’s Corp. and gave the company a “buy” rating in a research note on Tuesday, April 19th. Deutsche Bank AG reissued a “buy” rating on shares of McDonald’s Corp. in a research note on Sunday, April 17th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $127.00 price objective on shares of McDonald’s Corp. in a research note on Saturday, April 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $127.69.

In other news, insider Brian Mullens sold 845 shares of the company’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $128.93, for a total transaction of $108,945.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality 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.