Ipswich Investment Management Co. Inc. boosted its position in Mcdonald’s Corp (NYSE:MCD) by 0.6% in the 1st quarter, HoldingsChannel reports. The firm owned 11,893 shares of the fast-food giant’s stock after buying an additional 70 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Mcdonald’s were worth $2,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ruggie Capital Group increased its position in Mcdonald’s by 3,020.0% during the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after buying an additional 151 shares in the last quarter. Gantzert Investment Co. LLC ADV purchased a new position in Mcdonald’s during the fourth quarter worth $31,000. Aspire Private Capital LLC purchased a new position in Mcdonald’s during the fourth quarter worth $32,000. Focused Wealth Management Inc increased its position in Mcdonald’s by 4,500.0% during the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after buying an additional 180 shares in the last quarter. Finally, Canton Hathaway LLC purchased a new position in Mcdonald’s during the first quarter worth $35,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Christopher J. Kempczinski sold 38,729 shares of Mcdonald’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $195.21, for a total value of $7,560,288.09. Following the transaction, the insider now owns 11,658 shares in the company, valued at $2,275,758.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ian Frederick Borden sold 4,149 shares of Mcdonald’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. Insiders sold 104,449 shares of company stock worth $20,458,931 in the last quarter. 0.25% of the stock is owned by insiders.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Mcdonald’s from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. raised their price target on Mcdonald’s from $182.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. KeyCorp raised their price target on Mcdonald’s from $195.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Robert W. Baird raised their price target on Mcdonald’s from $196.00 to $205.00 in a research report on Monday, April 1st. Finally, BTIG Research raised their price target on Mcdonald’s to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Mcdonald’s has an average rating of “Buy” and a consensus target price of $202.39.

MCD stock opened at $199.96 on Thursday. Mcdonald’s Corp has a 52-week low of $153.13 and a 52-week high of $201.15. The firm has a market cap of $152.59 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.01). Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the business earned $1.79 EPS. Mcdonald’s’s revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts expect that Mcdonald’s Corp will post 8.04 EPS for the current fiscal year.

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Mcdonald’s Company Profile

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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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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