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

Jacobs & Co. CA trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 42,776 shares of the fast-food giant’s stock after selling 462 shares during the quarter. McDonald’s comprises about 1.3% of Jacobs & Co. CA’s 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 SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after acquiring an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in McDonald’s by 542.9% in the third 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 acquired a new stake in shares of McDonald’s during the second quarter worth about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of McDonald’s during the third quarter worth about $121,254,000. Finally, Ameriprise Financial Inc. raised its stake in McDonald’s by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after acquiring an additional 354,196 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. UBS Group lifted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Company increased their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,050 shares of company stock valued at $3,556,688. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

McDonald’s stock traded down $4.09 during trading on Friday, hitting $282.81. The company’s stock had a trading volume of 2,322,784 shares, compared to its average volume of 2,769,733. The stock has a market capitalization of $202.67 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.95 and a beta of 0.73. The stock’s fifty day moving average is $294.20 and its 200 day moving average is $285.92. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

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

McDonald’s 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.