Adell Harriman & Carpenter Inc. Has $5.09 Million Stake in McDonald's Co. (MCD)
Adell Harriman & Carpenter Inc. lifted its stake in shares of McDonald's Co. (NYSE:MCD) by 12.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 32,507 shares of the fast-food giant’s stock after buying an additional 3,650 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in McDonald's were worth $5,093,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Phocas Financial Corp. purchased a new stake in McDonald's in the 2nd quarter valued at about $107,000. Proficio Capital Partners LLC increased its stake in McDonald's by 0.7% during the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares during the period. Howe & Rusling Inc. increased its stake in McDonald's by 75.0% during the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after purchasing an additional 360 shares during the period. Acrospire Investment Management LLC purchased a new stake in McDonald's during the second quarter worth about $153,000. Finally, Accurate Investment Solutions Inc. increased its stake in McDonald's by 861.3% during the third quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock worth $160,000 after purchasing an additional 913 shares during the period. Institutional investors and hedge funds own 67.30% of the company’s stock.
Shares of McDonald's Co. (NYSE MCD) opened at $174.57 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. McDonald's Co. has a 52 week low of $119.82 and a 52 week high of $175.78. The firm has a market capitalization of $141,400.00, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67.
McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Thomson Reuters’ 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 prior year, the business earned $1.62 earnings per share. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. equities research analysts expect that McDonald's Co. will post 6.53 EPS for the current year.
A number of analysts have issued reports on the stock. JPMorgan Chase & Co. set a $186.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research note on Friday, January 12th. Barclays reiterated an “overweight” rating and set a $205.00 price target (up from $193.00) on shares of McDonald's in a research note on Tuesday. Zacks Investment Research lowered shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Wednesday. Nomura set a $183.00 price objective on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, Goldman Sachs Group set a $190.00 price objective on McDonald's and gave the stock a “buy” rating in a research report on Friday, January 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $179.35.
In other McDonald's news, VP James R. Sappington sold 8,046 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the 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 completion of the transaction, the insider now 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 owned by corporate insiders.
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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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