McDonald's Co. (MCD) Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group decreased its stake in McDonald's Co. (NYSE:MCD) by 13.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,224 shares of the fast-food giant’s stock after selling 1,170 shares during the quarter. Rehmann Capital Advisory Group’s holdings in McDonald's were worth $1,132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MCD. Phocas Financial Corp. purchased a new stake in McDonald's in the 2nd quarter worth about $107,000. Proficio Capital Partners LLC raised its stake in shares of McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares in the last quarter. Howe & Rusling Inc. raised its stake in shares of McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after acquiring an additional 360 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of McDonald's in the 2nd quarter valued at approximately $153,000. Finally, Accurate Investment Solutions Inc. raised its stake in shares of McDonald's by 861.3% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock valued at $160,000 after acquiring an additional 913 shares in the last quarter. Institutional investors and hedge funds own 67.28% of the company’s stock.

A number of research firms have issued reports on MCD. Goldman Sachs Group set a $190.00 target price on McDonald's and gave the company a “buy” rating in a report on Friday, January 5th. Nomura set a $190.00 target price on McDonald's and gave the company a “buy” rating in a report on Tuesday, January 2nd. Royal Bank of Canada set a $190.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Robert W. Baird set a $190.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, SunTrust Banks set a $187.00 price target on McDonald's and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. McDonald's presently has a consensus rating of “Buy” and an average price target of $178.52.

Shares of McDonald's Co. (NYSE MCD) opened at $173.39 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The stock has a market capitalization of $140,450.00, a PE ratio of 25.02, a P/E/G ratio of 2.61 and a beta of 0.67. McDonald's Co. has a twelve month low of $119.82 and a twelve month high of $175.78.

McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 earnings per share. analysts expect that McDonald's Co. will post 6.53 EPS for the current fiscal year.

In other McDonald's news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was 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 approximately $2,596,935. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value 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. Corporate insiders own 0.24% of the company’s stock.

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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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