Smith Salley & Associates Has $797,000 Holdings in McDonald’s Co. (NYSE:MCD)

Smith Salley & Associates lessened its stake in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,975 shares of the fast-food giant’s stock after selling 78 shares during the period. Smith Salley & Associates’ holdings in McDonald’s were worth $797,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCD. Viking Global Investors LP acquired a new stake in McDonald’s during the 3rd quarter worth about $720,994,000. Invesco Ltd. increased its holdings in shares of McDonald’s by 30.3% in the 3rd quarter. Invesco Ltd. now owns 3,570,834 shares of the fast-food giant’s stock valued at $860,964,000 after purchasing an additional 830,171 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in shares of McDonald’s in the 4th quarter valued at about $199,050,000. Los Angeles Capital Management LLC grew its stake in shares of McDonald’s by 335.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 751,778 shares of the fast-food giant’s stock valued at $201,529,000 after buying an additional 579,235 shares in the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $95,261,000. Hedge funds and other institutional investors own 68.44% of the company’s stock.

McDonald’s stock traded down $1.81 during mid-day trading on Tuesday, hitting $245.68. The stock had a trading volume of 3,069,767 shares, compared to its average volume of 3,238,222. The stock has a 50-day simple moving average of $243.81 and a two-hundred day simple moving average of $251.70. The stock has a market capitalization of $181.69 billion, a PE ratio of 25.91, a P/E/G ratio of 3.18 and a beta of 0.57. McDonald’s Co. has a 12 month low of $217.68 and a 12 month high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The fast-food giant reported $2.28 earnings per share (EPS) for the quarter, beating the 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 negative return on equity of 131.20% and a net margin of 29.93%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.92 earnings per share. Research analysts forecast that McDonald’s Co. will post 9.83 earnings per share for the current year.

In related news, Director Catherine M. Engelbert bought 1,000 shares of McDonald’s stock in a transaction on Monday, February 28th. The shares were purchased at an average price of $244.18 per share, for a total transaction of $244,180.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 5,892 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $249.23, for a total value of $1,468,463.16. Following the transaction, the insider now owns 8,187 shares in the company, valued at approximately $2,040,446.01. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Several brokerages recently commented on MCD. assumed coverage on McDonald’s in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research reaffirmed a “hold” rating on shares of McDonald’s in a research report on Thursday, March 17th. Oppenheimer decreased their target price on McDonald’s from $290.00 to $280.00 in a research report on Monday, March 14th. BTIG Research reduced their price objective on McDonald’s from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, April 19th. Finally, Barclays increased their price objective on McDonald’s from $300.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, January 28th. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $281.81.

About McDonald’s (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.

Further Reading

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

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