Hamel Associates Inc. Decreases Holdings in McDonald’s (MCD)

Hamel Associates Inc. trimmed its holdings in shares of McDonald’s (NYSE:MCD) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,006 shares of the fast-food giant’s stock after selling 758 shares during the period. Hamel Associates Inc.’s holdings in McDonald’s were worth $1,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tarbox Family Office Inc. lifted its stake in shares of McDonald’s by 105.8% in the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after purchasing an additional 328 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in McDonald’s by 0.5% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 808,477 shares of the fast-food giant’s stock worth $126,673,000 after acquiring an additional 3,876 shares during the period. Front Row Advisors LLC acquired a new position in McDonald’s during the fourth quarter worth $651,000. Quantitative Systematic Strategies LLC raised its position in McDonald’s by 285.6% during the fourth quarter. Quantitative Systematic Strategies LLC now owns 13,430 shares of the fast-food giant’s stock worth $2,312,000 after acquiring an additional 9,947 shares during the period. Finally, Highstreet Asset Management Inc. raised its position in McDonald’s by 67.1% during the fourth quarter. Highstreet Asset Management Inc. now owns 94,891 shares of the fast-food giant’s stock worth $16,333,000 after acquiring an additional 38,120 shares during the period. Hedge funds and other institutional investors own 67.90% of the company’s stock.

Shares of MCD opened at $161.31 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.74 and a debt-to-equity ratio of -6.54. McDonald’s has a 12-month low of $162.00 and a 12-month high of $163.94. The stock has a market capitalization of $127.88 billion, a P/E ratio of 23.30, a PEG ratio of 2.40 and a beta of 0.63.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, April 30th. The fast-food giant reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.12. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. McDonald’s’s quarterly revenue was down 9.5% on a year-over-year basis. equities research analysts anticipate that McDonald’s will post 7.66 EPS for the current year.

In related news, EVP Kevin M. Ozan sold 18,636 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total value of $3,087,798.84. Following the completion of the sale, the executive vice president now owns 29,800 shares of the company’s stock, valued at $4,937,562. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas M. Goare sold 13,255 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.40, for a total transaction of $2,192,377.00. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

A number of research firms have weighed in on MCD. JPMorgan Chase set a $184.00 price objective on shares of McDonald’s and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Nomura restated a “buy” rating and set a $198.00 price objective (up from $190.00) on shares of McDonald’s in a research report on Tuesday, January 23rd. Credit Suisse Group set a $191.00 price objective on shares of McDonald’s and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Sanford C. Bernstein restated an “outperform” rating and set a $195.00 price objective (up from $180.00) on shares of McDonald’s in a research report on Wednesday, January 31st. Finally, BMO Capital Markets restated a “buy” rating and set a $190.00 price objective on shares of McDonald’s in a research report on Monday, March 12th. Nine analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. McDonald’s currently has a consensus rating of “Buy” and an average price target of $184.03.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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