Tower Bridge Advisors Has $18.33 Million Stake in McDonald's Co. (MCD)

Tower Bridge Advisors lowered its stake in McDonald's Co. (NYSE:MCD) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,225 shares of the fast-food giant’s stock after selling 4,748 shares during the quarter. McDonald's accounts for approximately 2.0% of Tower Bridge Advisors’ portfolio, making the stock its 8th largest position. Tower Bridge Advisors’ holdings in McDonald's were worth $18,332,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MCD. Horan Capital Advisors LLC. bought a new stake in McDonald's during the 3rd quarter valued at $104,000. Pinnacle Wealth Planning Services Inc. bought a new stake in McDonald's during the 4th quarter valued at $109,000. Tarbox Family Office Inc. increased its stake in McDonald's by 105.8% during 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 in the last quarter. Horan Capital Management bought a new stake in McDonald's during the 4th quarter valued at $110,000. Finally, Certified Advisory Corp bought a new stake in McDonald's during the 4th quarter valued at $121,000. Institutional investors own 68.12% of the company’s stock.

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MCD has been the subject of a number of recent research reports. JPMorgan Chase set a $186.00 price target on shares of McDonald's and gave the company a “buy” rating in a research note on Friday, January 12th. Credit Suisse Group set a $191.00 price target on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, January 30th. Royal Bank of Canada set a $190.00 price target on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, January 30th. Nomura boosted their price target on shares of McDonald's from $198.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Goldman Sachs set a $200.00 price target on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, January 30th. Eight investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $184.03.

In other McDonald's news, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $3,087,798.84. Following the sale, the executive vice president now directly owns 29,800 shares in the company, valued at $4,937,562. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

Shares of McDonald's opened at $165.07 on Friday, MarketBeat reports. The company has a quick ratio of 1.82, a current ratio of 1.74 and a debt-to-equity ratio of -6.54. The firm has a market cap of $128.96 billion, a PE ratio of 23.50, a P/E/G ratio of 2.42 and a beta of 0.63.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Monday, April 30th. The fast-food giant reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.97 billion. McDonald's had a net margin of 24.02% and a negative return on equity of 167.80%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. analysts predict that McDonald's Co. will post 7.67 earnings per share for the current fiscal year.

McDonald's Company 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.

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

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