Jacobs & Co. CA Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

Jacobs & Co. CA lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,776 shares of the fast-food giant’s stock after selling 462 shares during the period. McDonald’s makes up about 1.3% of Jacobs & Co. CA’s investment portfolio, making the stock its 27th largest holding. Jacobs & Co. CA’s holdings in McDonald’s were worth $12,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MCD. International Assets Investment Management LLC increased its holdings in McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after buying an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after purchasing an additional 677,139 shares during the period. Mondrian Investment Partners LTD purchased a new position in shares of McDonald’s in the second quarter valued at about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of McDonald’s in the third quarter worth $121,254,000. Finally, Ameriprise Financial Inc. boosted its stake in McDonald’s by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after buying an additional 354,196 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 1.4 %

Shares of MCD stock traded down $4.09 during mid-day trading on Friday, hitting $282.81. 2,322,784 shares of the stock were exchanged, compared to its average volume of 2,769,733. The company has a market cap of $202.67 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a fifty day moving average of $294.20 and a 200 day moving average of $285.92.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 EPS. Equities analysts predict that McDonald’s Co. will post 11.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MCD shares. UBS Group boosted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $311.00 to $334.00 in a research report on Friday. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Finally, KeyCorp boosted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This represents a 9.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,050 shares of company stock valued at $3,556,688. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.