Arrowstreet Capital Limited Partnership Raises Position in McDonald's Co. (MCD)

Arrowstreet Capital Limited Partnership boosted its position in McDonald's Co. (NYSE:MCD) by 1,209.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,800 shares of the fast-food giant’s stock after buying an additional 143,900 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in McDonald's Co. were worth $18,964,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Massey Quick & Co. LLC purchased a new stake in shares of McDonald's Co. during the fourth quarter worth $119,000. Zions Bancorporation raised its stake in McDonald's Co. by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the period. D Orazio & Associates Inc. raised its stake in McDonald's Co. by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares during the period. Timber Creek Capital Management LLC raised its stake in McDonald's Co. by 150.7% in the third quarter. Timber Creek Capital Management LLC now owns 1,281 shares of the fast-food giant’s stock worth $147,000 after buying an additional 770 shares during the period. Finally, Hall Laurie J Trustee bought a new stake in McDonald's Co. during the fourth quarter worth approximately $153,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

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

Shares of McDonald's Co. (NYSE:MCD) traded up 0.30% on Thursday, hitting $133.04. The stock had a trading volume of 1,130,135 shares. The stock has a market cap of $108.96 billion, a PE ratio of 24.46 and a beta of 0.69. McDonald's Co. has a 12 month low of $110.33 and a 12 month high of $133.29. The company has a 50 day moving average price of $129.31 and a 200-day moving average price of $122.16.

McDonald's Co. (NYSE:MCD) last announced its quarterly earnings data on Monday, January 23rd. The fast-food giant reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. The firm earned $6.03 billion during the quarter, compared to analysts’ expectations of $5.99 billion. McDonald's Co. had a net margin of 18.93% and a return on equity of 514.39%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. On average, equities research analysts anticipate that McDonald's Co. will post $6.15 earnings per share for the current year.

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A number of research analysts have recently issued reports on MCD shares. Vetr downgraded McDonald's Co. from a “hold” rating to a “sell” rating and set a $116.22 price objective on the stock. in a research note on Monday, January 9th. Jefferies Group LLC reissued a “hold” rating and issued a $115.00 price objective on shares of McDonald's Co. in a research note on Tuesday, January 24th. Telsey Advisory Group boosted their price objective on McDonald's Co. from $130.00 to $136.00 and gave the company an “outperform” rating in a research note on Friday, March 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $130.00 price target on shares of McDonald's Co. in a research note on Tuesday, January 24th. Finally, Morgan Stanley set a $127.00 price target on McDonald's Co. and gave the stock a “neutral” rating in a research note on Tuesday, January 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. McDonald's Co. currently has an average rating of “Hold” and a consensus target price of $130.82.

In other McDonald's Co. news, Director John J. Mulligan acquired 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was purchased at an average price of $128.94 per share, for a total transaction of $206,304.00. Following the completion of the acquisition, the director now owns 1,600 shares of the company’s stock, valued at approximately $206,304. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

About McDonald's Co.

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.

5 Day Chart for NYSE:MCD

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