Korea Investment CORP Raises Stake in McDonald's Co. (MCD)

Korea Investment CORP increased its position in shares of McDonald's Co. (NYSE:MCD) by 35.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 542,129 shares of the fast-food giant’s stock after acquiring an additional 142,936 shares during the quarter. Korea Investment CORP owned about 0.07% of McDonald's worth $84,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Proficio Capital Partners LLC increased its holdings in shares of McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 5 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in shares of McDonald's by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after acquiring an additional 5 shares in the last quarter. Highland Private Wealth Management increased its holdings in shares of McDonald's by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock worth $335,000 after acquiring an additional 6 shares in the last quarter. Winch Advisory Services LLC increased its holdings in shares of McDonald's by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock worth $245,000 after acquiring an additional 7 shares in the last quarter. Finally, Valmark Advisers Inc. increased its holdings in shares of McDonald's by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after acquiring an additional 8 shares in the last quarter. 67.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was 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 of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Several brokerages have issued reports on MCD. Royal Bank of Canada set a $190.00 price target on McDonald's and gave the stock a “buy” rating in a report on Wednesday. Nomura set a $183.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Tuesday, October 17th. Longbow Research upgraded McDonald's from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $154.05 to $183.00 in a report on Thursday, September 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $180.00 price objective (up from $170.00) on shares of McDonald's in a report on Monday, October 2nd. Finally, Barclays set a $182.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 18th. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $175.62.

McDonald's Co. (NYSE:MCD) opened at $171.29 on Wednesday. McDonald's Co. has a 52-week low of $118.18 and a 52-week high of $175.78. 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 company has a market capitalization of $136,653.56, a P/E ratio of 24.72, a P/E/G ratio of 2.80 and a beta of 0.67.

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

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McDonald's Profile

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.

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

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