American Century Companies Inc. Sells 11,198 Shares of McDonald's Co. (MCD)

American Century Companies Inc. decreased its position in McDonald's Co. (NYSE:MCD) by 24.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,728 shares of the fast-food giant’s stock after selling 11,198 shares during the quarter. American Century Companies Inc.’s holdings in McDonald's were worth $5,285,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in shares of McDonald's by 1.0% in the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after purchasing an additional 4,300 shares during the period. Teacher Retirement System of Texas grew its stake in shares of McDonald's by 10.6% in the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after acquiring an additional 44,899 shares during the last quarter. Tredje AP fonden grew its stake in shares of McDonald's by 26.7% in the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after acquiring an additional 25,380 shares during the last quarter. Beaton Management Co. Inc. acquired a new stake in shares of McDonald's in the second quarter worth $555,000. Finally, Buckingham Asset Management LLC grew its stake in shares of McDonald's by 157.5% in the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock worth $2,906,000 after acquiring an additional 11,604 shares during the last quarter. 67.30% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on MCD. ValuEngine downgraded shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group set a $180.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Robert W. Baird restated an “outperform” rating and issued a $170.00 price objective on shares of McDonald's in a research note on Tuesday, October 3rd. Royal Bank of Canada raised their price objective on shares of McDonald's from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, October 13th. Finally, Longbow Research upgraded shares of McDonald's from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $154.05 to $183.00 in a research note on Thursday, September 28th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $178.88.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Shares of McDonald's Co. (NYSE:MCD) traded up $0.18 during trading hours on Monday, hitting $173.57. 2,901,367 shares of the stock traded hands, compared to its average volume of 2,985,289. McDonald's Co. has a 52 week low of $119.82 and a 52 week high of $175.78. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The firm has a market cap of $140,590.00, a P/E ratio of 25.05, a PEG ratio of 2.75 and a beta of 0.67.

McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the previous year, the company earned $1.62 EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. equities research analysts predict that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

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McDonald's Company Profile

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.

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

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