Kinneret Advisory LLC Acquires Shares of 20,271 Mcdonald’s Corp (MCD)
Kinneret Advisory LLC acquired a new stake in shares of Mcdonald’s Corp (NYSE:MCD) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 20,271 shares of the fast-food giant’s stock, valued at approximately $3,600,000. Mcdonald’s accounts for approximately 1.1% of Kinneret Advisory LLC’s portfolio, making the stock its 23rd biggest position.
A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Oregon Public Employees Retirement Fund lifted its holdings in Mcdonald’s by 16,975.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock valued at $84,000 after purchasing an additional 14,910,259 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Mcdonald’s by 6,582,167.8% in the third quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock worth $1,332,390,000 after buying an additional 7,964,423 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Mcdonald’s by 55.1% in the third quarter. Neuberger Berman Group LLC now owns 2,581,306 shares of the fast-food giant’s stock worth $431,827,000 after buying an additional 917,442 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Mcdonald’s by 26.1% in the fourth quarter. California Public Employees Retirement System now owns 3,000,609 shares of the fast-food giant’s stock worth $532,818,000 after buying an additional 620,639 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Mcdonald’s in the fourth quarter worth about $105,077,000. 68.80% of the stock is currently owned by institutional investors and hedge funds.
In other Mcdonald’s news, EVP David Ogden Fairhurst sold 76,411 shares of Mcdonald’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $178.25, for a total transaction of $13,620,260.75. Following the completion of the sale, the executive vice president now directly owns 12,110 shares in the company, valued at $2,158,607.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Lane Gibbs sold 22,036 shares of Mcdonald’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $180.95, for a total transaction of $3,987,414.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,775 shares of company stock valued at $23,249,437. 0.22% of the stock is owned by company insiders.
Mcdonald’s stock opened at $191.85 on Tuesday. Mcdonald’s Corp has a 12-month low of $153.13 and a 12-month high of $192.35. The stock has a market cap of $146.63 billion, a P/E ratio of 24.28, a PEG ratio of 2.65 and a beta of 0.53.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the business earned $1.71 earnings per share. Mcdonald’s’s revenue was down 3.3% compared to the same quarter last year. Analysts predict that Mcdonald’s Corp will post 8.12 EPS for the current year.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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