SJS Investment Consulting Inc. reduced its position in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,029 shares of the fast-food giant’s stock after selling 154 shares during the period. McDonald’s accounts for about 0.5% of SJS Investment Consulting Inc.’s holdings, making the stock its 20th biggest holding. SJS Investment Consulting Inc.’s holdings in McDonald’s were worth $2,907,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after purchasing an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after acquiring an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of McDonald’s during the 3rd quarter worth approximately $121,254,000. Zurich Insurance Group Ltd FI lifted its position in McDonald’s by 3,580.1% in the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after acquiring an additional 261,350 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of McDonald’s by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after purchasing an additional 220,365 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is owned by company insiders.
Analysts Set New Price Targets
View Our Latest Research Report on MCD
McDonald’s Price Performance
Shares of NYSE MCD opened at $285.37 on Friday. The company has a 50-day simple moving average of $291.07 and a 200-day simple moving average of $288.14. The company has a market cap of $204.50 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.
McDonald’s (NYSE:MCD – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm posted $3.19 EPS. McDonald’s’s revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.
McDonald’s Profile
McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.
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