Ruane Cunniff & Goldfarb Inc. Decreases Position in McDonald's Co. (MCD)

Ruane Cunniff & Goldfarb Inc. reduced its position in shares of McDonald's Co. (NYSE:MCD) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,845 shares of the fast-food giant’s stock after selling 1,040 shares during the period. Ruane Cunniff & Goldfarb Inc.’s holdings in McDonald's Co. were worth $1,563,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Eqis Capital Management Inc. bought a new stake in shares of McDonald's Co. during the third quarter valued at approximately $258,000. Burns J W & Co. Inc. NY raised its stake in shares of McDonald's Co. by 2.7% in the third quarter. Burns J W & Co. Inc. NY now owns 43,853 shares of the fast-food giant’s stock valued at $5,059,000 after buying an additional 1,168 shares in the last quarter. New England Research & Management Inc. raised its stake in shares of McDonald's Co. by 137.9% in the third quarter. New England Research & Management Inc. now owns 8,367 shares of the fast-food giant’s stock valued at $965,000 after buying an additional 4,850 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its stake in shares of McDonald's Co. by 6.4% in the third quarter. Summit Financial Wealth Advisors LLC now owns 9,165 shares of the fast-food giant’s stock valued at $1,057,000 after buying an additional 554 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. raised its stake in shares of McDonald's Co. by 9.6% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 4,867 shares of the fast-food giant’s stock valued at $561,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

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

McDonald's Co. (NYSE:MCD) traded up 0.47% during trading on Thursday, hitting $133.27. 2,697,250 shares of the stock traded hands. McDonald's Co. has a 52 week low of $110.33 and a 52 week high of $133.44. The stock has a market cap of $109.15 billion, a P/E ratio of 24.50 and a beta of 0.69. The firm’s 50-day moving average is $129.31 and its 200 day moving average is $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, topping the consensus estimate of $1.41 by $0.03. McDonald's Co. had a return on equity of 514.39% and a net margin of 18.93%. The business earned $6.03 billion during the quarter, compared to the consensus estimate of $5.99 billion. During the same period in the prior year, the company earned $1.31 EPS. McDonald's Co.’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts forecast that McDonald's Co. will post $6.15 earnings per share for the current fiscal year.

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Several research analysts have issued reports on MCD shares. Nomura set a $136.00 price objective on shares of McDonald's Co. and gave the stock a “buy” rating in a research report on Wednesday, January 18th. Barclays PLC set a $139.00 price objective on shares of McDonald's Co. and gave the stock a “buy” rating in a research report on Friday, January 6th. Instinet lowered their price objective on shares of McDonald's Co. from $139.00 to $137.00 and set a “buy” rating on the stock in a research report on Wednesday, January 4th. BTIG Research reaffirmed a “buy” rating and issued a $137.00 target price on shares of McDonald's Co. in a report on Tuesday, January 24th. Finally, Credit Suisse Group AG raised their price objective on shares of McDonald's Co. to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 24th. 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. McDonald's Co. currently has a consensus rating of “Hold” and a consensus price target 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 acquired at an average cost of $128.94 per share, for a total transaction of $206,304.00. Following the transaction, the director now directly owns 1,600 shares in the company, valued at $206,304. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

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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