Birmingham Capital Management Co. Inc. AL lowered its position in shares of McDonald's Co. (NYSE:MCD) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,060 shares of the fast-food giant’s stock after selling 400 shares during the quarter. McDonald's makes up about 2.7% of Birmingham Capital Management Co. Inc. AL’s holdings, making the stock its 9th largest holding. Birmingham Capital Management Co. Inc. AL’s holdings in McDonald's were worth $6,903,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC grew its position in shares of 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. AlphaMark Advisors LLC grew its position in shares of McDonald's by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after purchasing an additional 5 shares in the last quarter. Highland Private Wealth Management grew its position in shares of McDonald's by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after purchasing an additional 6 shares in the last quarter. Winch Advisory Services LLC grew its position in shares of McDonald's by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after purchasing an additional 7 shares in the last quarter. Finally, Valmark Advisers Inc. grew its position in shares of McDonald's by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares in the last quarter. 67.28% of the stock is owned by institutional investors and hedge funds.

McDonald's Co. (NYSE:MCD) opened at $173.57 on Friday. The firm has a market capitalization of $140,590.00, a P/E ratio of 25.05, a P/E/G ratio of 2.75 and a beta of 0.67. McDonald's Co. has a 52-week low of $119.82 and a 52-week high of $175.78. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald's (NYSE:MCD) last issued 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 company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. analysts anticipate that McDonald's Co. will post 6.53 EPS for the current fiscal year.

In other McDonald's news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction on 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 transaction, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on 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 owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on the company. Robert W. Baird restated an “outperform” rating and issued a $170.00 price target on shares of McDonald's in a research report on Tuesday, October 3rd. Zacks Investment Research lowered McDonald's from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Sanford C. Bernstein set a $180.00 price target on McDonald's and gave the company a “buy” rating in a research report on Tuesday, September 19th. UBS Group set a $170.00 price target on McDonald's and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. set a $175.00 price target on McDonald's and gave the company a “buy” rating in a research report on Wednesday, October 25th. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. McDonald's currently has a consensus rating of “Buy” and a consensus target price 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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