United Asset Strategies Inc. increased its holdings in shares of McDonald's Co. (NYSE:MCD) by 34.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,850 shares of the fast-food giant’s stock after buying an additional 476 shares during the quarter. United Asset Strategies Inc.’s holdings in McDonald's were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MCD. Vantage Financial Partners Ltd. Inc. purchased a new position in McDonald's in the second quarter valued at about $322,000. Phocas Financial Corp. purchased a new position in McDonald's in the second quarter valued at about $107,000. Proficio Capital Partners LLC grew its stake in McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares in the last quarter. Howe & Rusling Inc. grew its stake in McDonald's by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after purchasing an additional 360 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new position in McDonald's in the second quarter valued at about $153,000. Institutional investors and hedge funds own 67.28% of the company’s stock.

In related news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

McDonald's Co. (NYSE MCD) opened at $173.54 on Wednesday. McDonald's Co. has a 12-month low of $119.73 and a 12-month 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 $140,570.00, a PE ratio of 25.04, a P/E/G ratio of 2.61 and a beta of 0.67.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share 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 during the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The firm’s revenue was down 10.4% compared to the same quarter last year. analysts forecast that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

A number of research analysts have commented on the company. ValuEngine downgraded McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group set a $180.00 price target on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Robert W. Baird reaffirmed an “outperform” rating and issued a $170.00 price target on shares of McDonald's in a research report on Tuesday, October 3rd. Royal Bank of Canada boosted their price target on McDonald's from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. Finally, Longbow Research raised McDonald's from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $154.05 to $183.00 in a research report on Thursday, September 28th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $178.52.

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McDonald's Company 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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