Swiss National Bank Sells 11,000 Shares of McDonald's Co. (MCD)

Swiss National Bank decreased its stake in McDonald's Co. (NYSE:MCD) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,737,148 shares of the fast-food giant’s stock after selling 11,000 shares during the quarter. McDonald's comprises 0.7% of Swiss National Bank’s portfolio, making the stock its 26th biggest holding. Swiss National Bank owned about 4,613.76% of McDonald's worth $585,536,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Phocas Financial Corp. bought a new stake in shares of McDonald's during the 2nd quarter worth approximately $107,000. Proficio Capital Partners LLC lifted its stake in shares of McDonald's by 0.7% during the 2nd 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 last quarter. Howe & Rusling Inc. lifted its stake in shares of McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after acquiring an additional 360 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of McDonald's during the 2nd quarter worth approximately $153,000. Finally, Accurate Investment Solutions Inc. raised its position in McDonald's by 861.3% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock valued at $160,000 after purchasing an additional 913 shares in the last quarter. Hedge funds and other institutional investors own 67.28% of the company’s stock.

McDonald's Co. (NYSE MCD) opened at $173.39 on Friday. McDonald's Co. has a one year low of $119.82 and a one year high of $175.78. 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 firm has a market capitalization of $140,450.00, a price-to-earnings ratio of 25.02, a P/E/G ratio of 2.61 and a beta of 0.67.

McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the previous year, the business earned $1.62 EPS. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. analysts predict that McDonald's Co. will post 6.53 earnings per share for the current year.

MCD has been the subject of a number of research analyst reports. Nomura set a $183.00 target price on McDonald's and gave the company a “buy” rating in a research report on Tuesday, October 17th. Goldman Sachs Group set a $172.00 target price on McDonald's and gave the company a “buy” rating in a research report on Friday, October 13th. Longbow Research raised McDonald's from a “neutral” rating to a “buy” rating and lifted their target price for the company from $154.05 to $183.00 in a research 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 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 company 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’s stock. The stock presently has an average rating of “Buy” and an average target price of $178.52.

In related news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction 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 transaction, the insider now directly 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 can be accessed through this link. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction 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 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 insiders.

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McDonald's 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.

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

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