Comerica Bank lessened its holdings in shares of McDonald's Co. (NYSE:MCD) by 4.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,253 shares of the fast-food giant’s stock after selling 10,687 shares during the quarter. Comerica Bank’s holdings in McDonald's were worth $41,932,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MCD. Phocas Financial Corp. bought a new position in shares of McDonald's in the second quarter valued at approximately $107,000. Proficio Capital Partners LLC boosted 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 acquiring an additional 5 shares during the period. Howe & Rusling Inc. boosted its position in shares of 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 acquiring an additional 360 shares during the period. Acrospire Investment Management LLC bought a new position in shares of McDonald's in the second quarter valued at approximately $153,000. Finally, Accurate Investment Solutions Inc. boosted its position in shares of McDonald's by 861.3% in the third quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock valued at $160,000 after acquiring an additional 913 shares during the period. Institutional investors own 67.30% of the company’s stock.

A number of research firms have recently commented on MCD. Goldman Sachs Group set a $200.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research report on Thursday. Barclays restated an “overweight” rating and issued a $205.00 price objective (up from $193.00) on shares of McDonald's in a research report on Tuesday. JPMorgan Chase & Co. set a $186.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research report on Friday, January 12th. Finally, Cowen restated a “buy” rating and issued a $200.00 price objective on shares of McDonald's in a research report on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $179.68.

In other McDonald's news, VP James R. Sappington sold 8,046 shares of McDonald's stock in a transaction that occurred on Wednesday, October 25th. The shares were 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 of the company’s stock, valued at $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

McDonald's Co. (MCD) opened at $176.12 on Friday. The company has a market cap of $142,660.00, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67. McDonald's Co. has a one year low of $119.82 and a one year high of $176.64. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. The company’s revenue was down 10.4% compared to the same quarter last year. During the same period last year, the business posted $1.62 earnings per share. sell-side analysts predict that McDonald's Co. will post 6.53 EPS for the current fiscal year.

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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.

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

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