Putnam FL Investment Management Co. Acquires New Holdings in McDonald's Co. (MCD)

Putnam FL Investment Management Co. acquired a new position in McDonald's Co. (NYSE:MCD) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 38,696 shares of the fast-food giant’s stock, valued at approximately $6,063,000.

Several other hedge funds have also recently added to or reduced their stakes in MCD. Jennison Associates LLC increased its stake in McDonald's by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after buying an additional 5,327,778 shares during the period. Janus Henderson Group PLC increased its stake in McDonald's by 3,951.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after buying an additional 4,313,253 shares during the period. FMR LLC increased its stake in McDonald's by 72.9% during the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after buying an additional 3,530,622 shares during the period. Alliancebernstein L.P. increased its stake in McDonald's by 69.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after buying an additional 3,110,669 shares during the period. Finally, BlackRock Inc. increased its stake in McDonald's by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after buying an additional 1,586,761 shares during the period. 67.30% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Co. (NYSE MCD) opened at $176.12 on Monday. McDonald's Co. has a fifty-two week low of $119.82 and a fifty-two week high of $176.64. The company has a market cap of $140,400.33, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.78 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.

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

MCD has been the topic of several research analyst reports. Wells Fargo & Co set a $185.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Wednesday, October 25th. Royal Bank of Canada set a $190.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Thursday, December 21st. Deutsche Bank set a $185.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Friday, October 20th. Canaccord Genuity reissued a “hold” rating and set a $170.00 target price on shares of McDonald's in a research note on Friday, October 6th. Finally, Goldman Sachs Group set a $180.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, December 12th. Nine analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. McDonald's presently has a consensus rating of “Buy” and an average target price of $179.68.

In other McDonald's news, VP James R. Sappington sold 8,046 shares of the firm’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 completion of the transaction, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. Company 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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