Mcdonald’s Corp (NYSE:MCD) Shares Bought by Cullinan Associates Inc.

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Cullinan Associates Inc. lifted its holdings in Mcdonald’s Corp (NYSE:MCD) by 25.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 56,168 shares of the fast-food giant’s stock after purchasing an additional 11,553 shares during the period. Cullinan Associates Inc.’s holdings in Mcdonald’s were worth $11,099,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of MCD. Nuveen Asset Management LLC lifted its position in shares of Mcdonald’s by 2,674.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock worth $1,185,221,000 after buying an additional 5,501,809 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Mcdonald’s by 11.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock worth $3,439,309,000 after buying an additional 1,640,747 shares during the last quarter. WCM Investment Management LLC bought a new position in shares of Mcdonald’s in the 3rd quarter worth about $164,557,000. BlackRock Inc. lifted its position in shares of Mcdonald’s by 1.1% in the 2nd quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock worth $10,550,339,000 after buying an additional 545,903 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Mcdonald’s by 14.5% in the 2nd quarter. California Public Employees Retirement System now owns 3,977,261 shares of the fast-food giant’s stock worth $825,918,000 after buying an additional 502,349 shares during the last quarter. Institutional investors own 67.23% of the company’s stock.

In related news, Chairman Enrique Hernandez, Jr. purchased 2,500 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were bought at an average cost of $193.83 per share, for a total transaction of $484,575.00. Following the transaction, the chairman now owns 4,500 shares of the company’s stock, valued at $872,235. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Rogers, Jr. purchased 1,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were bought at an average price of $194.12 per share, for a total transaction of $194,120.00. Following the completion of the transaction, the director now directly owns 88,500 shares in the company, valued at approximately $17,179,620. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,380 shares of company stock worth $1,430,223 over the last 90 days. 0.25% of the stock is owned by insiders.

A number of research firms have recently issued reports on MCD. Wells Fargo & Co reduced their price target on shares of Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. BTIG Research raised their price target on shares of Mcdonald’s from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. SunTrust Banks reduced their price target on shares of Mcdonald’s from $240.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Longbow Research upgraded shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $227.00 price target on the stock in a research report on Friday, November 8th. Finally, Piper Jaffray Companies downgraded shares of Mcdonald’s from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $224.00 to $195.00 in a research report on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $223.54.

Shares of NYSE:MCD opened at $209.77 on Thursday. The company has a market cap of $156.13 billion, a PE ratio of 26.55, a P/E/G ratio of 2.90 and a beta of 0.45. The company’s 50-day moving average price is $198.57 and its 200 day moving average price is $206.35. Mcdonald’s Corp has a fifty-two week low of $173.41 and a fifty-two week high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.10). The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.10 earnings per share. As a group, sell-side analysts anticipate that Mcdonald’s Corp will post 7.84 EPS for the current fiscal year.

Mcdonald’s Company 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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