McDonald’s Co. (NYSE:MCD) Position Trimmed by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lowered its stake in McDonald’s Co. (NYSE:MCDGet Rating) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,307 shares of the fast-food giant’s stock after selling 381 shares during the period. Nicolet Advisory Services LLC’s holdings in McDonald’s were worth $618,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Morgan Stanley lifted its stake in McDonald’s by 4.7% during the second quarter. Morgan Stanley now owns 8,376,495 shares of the fast-food giant’s stock valued at $1,934,888,000 after buying an additional 372,512 shares in the last quarter. AXS Investments LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $207,000. Versor Investments LP boosted its stake in McDonald’s by 58.3% in the 3rd quarter. Versor Investments LP now owns 3,800 shares of the fast-food giant’s stock worth $916,000 after purchasing an additional 1,400 shares during the period. Larson Financial Group LLC grew its position in McDonald’s by 28.1% during the 3rd quarter. Larson Financial Group LLC now owns 460 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 101 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its stake in McDonald’s by 7,072.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 11,118 shares of the fast-food giant’s stock valued at $2,681,000 after purchasing an additional 10,963 shares during the period. Institutional investors own 67.23% of the company’s stock.

In other McDonald’s news, Director Catherine M. Engelbert bought 1,000 shares of McDonald’s stock in a transaction dated Monday, February 28th. The shares were bought at an average price of $244.18 per share, with a total value of $244,180.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Shares of MCD traded down $5.03 on Friday, hitting $249.16. The company’s stock had a trading volume of 3,388,214 shares, compared to its average volume of 2,447,984. The company has a market capitalization of $184.28 billion, a PE ratio of 26.31, a PEG ratio of 2.92 and a beta of 0.61. The company has a 50 day moving average price of $243.52 and a 200 day moving average price of $251.26. McDonald’s Co. has a fifty-two week low of $217.68 and a fifty-two week high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings results on Thursday, April 28th. The fast-food giant reported $2.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.11. The business had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.57 billion. McDonald’s had a net margin of 32.49% and a negative return on equity of 119.62%. McDonald’s’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. On average, research analysts predict that McDonald’s Co. will post 9.84 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on MCD shares. UBS Group lowered their price target on McDonald’s from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, March 30th. Citigroup upped their target price on McDonald’s from $270.00 to $273.00 in a report on Friday. KeyCorp raised their price target on shares of McDonald’s from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, January 26th. Barclays increased their target price on shares of McDonald’s from $300.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, January 28th. Finally, The Goldman Sachs Group lifted their price objective on McDonald’s from $284.00 to $287.00 in a research report on Wednesday, January 19th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $279.96.

McDonald’s Company Profile (Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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

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