McDonald's Co. (MCD) Position Trimmed by Bristol Advisors LLC

Bristol Advisors LLC lessened its holdings in shares of McDonald's Co. (NYSE:MCD) by 66.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,800 shares of the fast-food giant’s stock after selling 15,600 shares during the period. McDonald's makes up approximately 1.2% of Bristol Advisors LLC’s portfolio, making the stock its 21st biggest holding. Bristol Advisors LLC’s holdings in McDonald's were worth $1,222,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Proficio Capital Partners LLC grew its holdings in McDonald's by 0.7% during the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 5 shares during the period. AlphaMark Advisors LLC grew its holdings in McDonald's by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after purchasing an additional 5 shares during the last quarter. Highland Private Wealth Management grew its holdings in McDonald's by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after purchasing an additional 6 shares during the last quarter. Winch Advisory Services LLC grew its holdings in McDonald's by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after purchasing an additional 7 shares during the last quarter. Finally, Valmark Advisers Inc. grew its holdings in McDonald's by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares during the last quarter. 67.28% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Stephen Easterbrook sold 171,577 shares of the 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 transaction, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP James R. Sappington sold 8,046 shares of the 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 transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Several analysts have weighed in on MCD shares. Goldman Sachs Group set a $172.00 target price on McDonald's and gave the company a “buy” rating in a report on Friday, October 13th. Longbow Research raised McDonald's from a “neutral” rating to a “buy” rating and upped their target price for the company from $154.05 to $183.00 in a report on Thursday, September 28th. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Tuesday, September 26th. Credit Suisse Group set a $170.00 target price on McDonald's and gave the company a “buy” rating in a report on Wednesday, September 20th. Finally, Sanford C. Bernstein set a $180.00 target price on McDonald's and gave the company a “buy” rating in a report on Tuesday, September 19th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $178.52.

Shares of McDonald's Co. (NYSE:MCD) opened at $173.54 on Wednesday. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The company has a market capitalization of $140,570.00, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.61 and a beta of 0.67. McDonald's Co. has a 52 week low of $119.73 and a 52 week high of $175.78.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share. research analysts expect 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.

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

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