Meag Munich Ergo Kapitalanlagegesellschaft MBH Buys 33,481 Shares of McDonald's Co. (MCD)

Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of McDonald's Co. (NYSE:MCD) by 45.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 107,835 shares of the fast-food giant’s stock after purchasing an additional 33,481 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in McDonald's were worth $17,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. Cedar Capital LLC purchased a new stake in shares of McDonald's in the 3rd quarter valued at about $207,000. Sei Investments Co. raised its holdings in shares of McDonald's by 32.9% in the 3rd quarter. Sei Investments Co. now owns 416,259 shares of the fast-food giant’s stock valued at $65,219,000 after acquiring an additional 103,157 shares in the last quarter. Courier Capital LLC raised its holdings in shares of McDonald's by 10.3% in the 3rd quarter. Courier Capital LLC now owns 10,408 shares of the fast-food giant’s stock valued at $1,631,000 after acquiring an additional 975 shares in the last quarter. Global X MANAGEMENT CO LLC raised its holdings in shares of McDonald's by 7.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,653 shares of the fast-food giant’s stock valued at $1,042,000 after acquiring an additional 452 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of McDonald's by 14.1% in the 3rd quarter. Jennison Associates LLC now owns 6,972,117 shares of the fast-food giant’s stock valued at $1,092,391,000 after acquiring an additional 862,287 shares in the last quarter. 67.30% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Co. (NYSE:MCD) opened at $173.57 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The company has a market capitalization of $140,590.00, a PE ratio of 25.05, a PEG ratio of 2.75 and a beta of 0.67. McDonald's Co. has a 1 year low of $119.82 and a 1 year high of $175.78.

McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the company earned $1.62 EPS. McDonald's’s revenue for the quarter was down 10.4% compared to the same quarter last year. sell-side analysts anticipate that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

In related news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 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 the company. JPMorgan Chase & Co. set a $186.00 price target on McDonald's and gave the company a “buy” rating in a report on Friday. Goldman Sachs Group set a $190.00 price target on McDonald's and gave the company a “buy” rating in a report on Friday, January 5th. Nomura set a $183.00 price target on McDonald's and gave the company a “buy” rating in a report on Tuesday, October 17th. Royal Bank of Canada set a $190.00 price target on McDonald's and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, Robert W. Baird set a $190.00 price target on McDonald's and gave the company a “buy” rating in a report on Tuesday, January 2nd. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $178.88.

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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.

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

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