Artemis Investment Management LLP Invests $10.37 Million in McDonald's Co. (MCD)

Artemis Investment Management LLP acquired a new stake in McDonald's Co. (NYSE:MCD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 66,272 shares of the fast-food giant’s stock, valued at approximately $10,369,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Berkshire Asset Management LLC PA grew its position in shares of McDonald's by 0.5% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 97,582 shares of the fast-food giant’s stock valued at $15,289,000 after buying an additional 456 shares during the last quarter. Perennial Advisors LLC grew its position in shares of McDonald's by 14.6% in the 3rd quarter. Perennial Advisors LLC now owns 14,587 shares of the fast-food giant’s stock valued at $2,285,000 after buying an additional 1,859 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of McDonald's by 39.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 624,737 shares of the fast-food giant’s stock valued at $97,884,000 after buying an additional 175,500 shares during the last quarter. Ramsay Stattman Vela & Price Inc. purchased a new position in shares of McDonald's in the 3rd quarter valued at $345,000. Finally, Northwest Investment Counselors LLC grew its position in shares of McDonald's by 4.9% in the 3rd quarter. Northwest Investment Counselors LLC now owns 13,926 shares of the fast-food giant’s stock valued at $2,182,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 67.27% of the company’s stock.

MCD has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $175.00 target price on shares of McDonald's in a research report on Friday, September 8th. Mizuho reaffirmed a “buy” rating and issued a $173.00 target price (up from $170.00) on shares of McDonald's in a research report on Wednesday, September 13th. Sanford C. Bernstein set a $180.00 target price on shares of McDonald's and gave the company a “buy” rating in a research report on Tuesday, September 19th. Credit Suisse Group set a $170.00 target price on shares of McDonald's and gave the company a “buy” rating in a research report on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research report on Tuesday, September 26th. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. McDonald's currently has an average rating of “Buy” and an average price target of $177.52.

McDonald's Co. (MCD) opened at $172.49 on Thursday. McDonald's Co. has a 52-week low of $118.18 and a 52-week high of $175.78. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The stock has a market cap of $139,720.00, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 2.64 and a beta of 0.67.

McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald's’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period last year, the firm posted $1.62 EPS. equities analysts anticipate that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

In other news, VP James R. Sappington sold 8,046 shares of McDonald's stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

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About McDonald's

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.

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

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