Bank of Hawaii Lowers Holdings in McDonald's Co. (MCD)

Bank of Hawaii lessened its stake in McDonald's Co. (NYSE:MCD) by 5.9% in the 4th quarter, HoldingsChannel reports. The fund owned 48,011 shares of the fast-food giant’s stock after selling 3,033 shares during the quarter. Bank of Hawaii’s holdings in McDonald's were worth $8,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Acrospire Investment Management LLC acquired a new stake in shares of McDonald's during the 2nd quarter worth approximately $153,000. Beach Investment Management LLC. bought a new position in McDonald's during the 2nd quarter worth approximately $296,000. AJO LP boosted its stake in McDonald's by 24.5% during the 2nd quarter. AJO LP now owns 436,071 shares of the fast-food giant’s stock worth $66,789,000 after acquiring an additional 85,831 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in McDonald's by 3.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 49,671 shares of the fast-food giant’s stock worth $7,608,000 after acquiring an additional 1,437 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC bought a new position in McDonald's during the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 68.49% of the company’s stock.

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Shares of MCD stock opened at $161.63 on Tuesday. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84. The firm has a market capitalization of $128,494.15, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64. McDonald's Co. has a 12 month low of $130.91 and a 12 month high of $178.70.

McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. analysts anticipate that McDonald's Co. will post 7.58 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. JPMorgan Chase reissued a “buy” rating and set a $182.00 price objective on shares of McDonald's in a research note on Monday, March 12th. Piper Jaffray set a $185.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research note on Tuesday, April 10th. Barclays reduced their price objective on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Credit Suisse Group reissued an “outperform” rating and set a $191.00 price objective (up previously from $185.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price objective (up previously from $180.00) on shares of McDonald's in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $183.40.

In other news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Bank of Hawaii Lowers Holdings in McDonald's Co. (MCD)” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2018/04/17/bank-of-hawaii-lowers-holdings-in-mcdonalds-co-mcd.html.

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.

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

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