Cape Cod Five Cents Savings Bank Has $6.72 Million Stake in McDonald's Co. (NYSE:MCD)

Cape Cod Five Cents Savings Bank lessened its position in McDonald's Co. (NYSE:MCD) by 9.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,860 shares of the fast-food giant’s stock after selling 4,518 shares during the period. McDonald's comprises approximately 1.0% of Cape Cod Five Cents Savings Bank’s holdings, making the stock its 27th biggest holding. Cape Cod Five Cents Savings Bank’s holdings in McDonald's were worth $6,716,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Phocas Financial Corp. bought a new position in shares of McDonald's in the second quarter valued at about $107,000. Proficio Capital Partners LLC raised its holdings in shares of McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after buying an additional 5 shares during the last quarter. Howe & Rusling Inc. raised its holdings in shares of McDonald's by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after buying an additional 360 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of McDonald's in the second quarter valued at about $153,000. Finally, Accurate Investment Solutions Inc. raised its holdings in shares of McDonald's by 861.3% in the third quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock valued at $160,000 after buying an additional 913 shares during the last quarter. Institutional investors own 67.30% of the company’s stock.

In other news, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction that occurred on 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 owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

MCD has been the subject of several recent research reports. Nomura set a $183.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Tuesday, October 17th. Goldman Sachs Group set a $172.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Friday, October 13th. Longbow Research raised McDonald's from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $154.05 to $183.00 in a report on Thursday, September 28th. Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Tuesday, September 26th. Finally, Credit Suisse Group set a $170.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Wednesday, September 20th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. McDonald's presently has an average rating of “Buy” and an average target price of $178.88.

McDonald's Co. (MCD) traded up $0.18 during trading hours on Monday, reaching $173.57. The company’s stock had a trading volume of 2,901,367 shares, 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 current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The firm has a market cap of $140,590.00, a P/E ratio of 25.05, a P/E/G ratio of 2.75 and a beta of 0.67.

McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. The business’s revenue was down 10.4% on a year-over-year basis. research analysts forecast that McDonald's Co. will post 6.53 EPS for the current year.

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About McDonald's

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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