McDonald's Co. (MCD) Shares Sold by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL trimmed its position in shares of McDonald's Co. (NYSE:MCD) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,093 shares of the fast-food giant’s stock after selling 5,197 shares during the quarter. McDonald's accounts for approximately 1.8% of Gofen & Glossberg LLC IL’s holdings, making the stock its 11th largest position. Gofen & Glossberg LLC IL’s holdings in McDonald's were worth $47,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Horan Capital Advisors LLC. bought a new position in McDonald's in the 3rd quarter worth $104,000. Phocas Financial Corp. bought a new position in McDonald's in the 2nd quarter worth $107,000. Proficio Capital Partners LLC raised its holdings in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after purchasing an additional 570 shares during the period. Finally, Howe & Rusling Inc. raised its holdings in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after purchasing an additional 360 shares during the period. 67.43% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Co. (NYSE:MCD) opened at $157.79 on Friday. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald's Co. has a 1-year low of $126.31 and a 1-year high of $178.70. The company has a market cap of $125,790.00, a PE ratio of 24.81, a P/E/G ratio of 2.32 and a beta of 0.59.

McDonald's (NYSE:MCD) last announced its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. research analysts expect that McDonald's Co. will post 7.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Wednesday, February 28th. McDonald's’s payout ratio is 63.52%.

In related news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the transaction, the vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 207,550 shares of company stock valued at $35,118,055. 0.24% of the stock is owned by insiders.

A number of equities analysts recently commented on MCD shares. Deutsche Bank set a $185.00 target price on McDonald's and gave the stock a “buy” rating in a report on Friday, October 20th. UBS Group set a $170.00 price target on McDonald's and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Robert W. Baird set a $175.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Nomura set a $180.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Wells Fargo & Co set a $185.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. McDonald's currently has a consensus rating of “Buy” and a consensus target price of $184.95.

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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.

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

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