McDonald's Co. (NYSE:MCD) Shares Bought by State of Wisconsin Investment Board

State of Wisconsin Investment Board increased its stake in shares of McDonald's Co. (NYSE:MCD) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,055,148 shares of the fast-food giant’s stock after buying an additional 34,916 shares during the quarter. State of Wisconsin Investment Board owned about 0.13% of McDonald's worth $165,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Canada Pension Plan Investment Board boosted its holdings in 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 last quarter. Teacher Retirement System of Texas boosted its holdings in 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 valued at $71,558,000 after purchasing an additional 44,899 shares during the last quarter. Tredje AP fonden boosted its holdings in McDonald's by 26.7% in the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after purchasing an additional 25,380 shares during the last quarter. Beaton Management Co. Inc. purchased a new stake in McDonald's in the second quarter valued at $555,000. Finally, Buckingham Asset Management LLC boosted its holdings in 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 valued at $2,906,000 after purchasing an additional 11,604 shares during the last quarter. 67.30% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Co. (MCD) traded up $0.18 during mid-day trading on Monday, reaching $173.57. 2,901,367 shares of the company’s stock were exchanged, compared to its average volume of 2,985,289. The firm has a market cap of $140,590.00, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's Co. has a 12 month low of $119.82 and a 12 month high of $175.78.

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

Several research firms have recently issued reports on MCD. Robert W. Baird reissued an “outperform” rating and set a $170.00 target price on shares of McDonald's in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Sanford C. Bernstein set a $180.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Tuesday, September 19th. UBS Group set a $170.00 target price on shares of McDonald's and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. set a $175.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $178.88.

In other news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were 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 owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James R. Sappington sold 8,046 shares of the firm’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 transaction of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

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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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