CIBC Asset Management Inc Has $14.16 Million Position in Mcdonald’s Corp (NYSE:MCD)

CIBC Asset Management Inc raised its position in Mcdonald’s Corp (NYSE:MCD) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 79,750 shares of the fast-food giant’s stock after buying an additional 1,000 shares during the period. CIBC Asset Management Inc’s holdings in Mcdonald’s were worth $14,161,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MCD. New Capital Management LP grew its stake in Mcdonald’s by 33.1% in the fourth quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock valued at $39,000 after purchasing an additional 55 shares in the last quarter. Ipswich Investment Management Co. Inc. grew its holdings in Mcdonald’s by 0.5% during the fourth quarter. Ipswich Investment Management Co. Inc. now owns 11,823 shares of the fast-food giant’s stock worth $2,099,000 after purchasing an additional 56 shares during the period. Moloney Securities Asset Management LLC grew its holdings in Mcdonald’s by 0.8% during the fourth quarter. Moloney Securities Asset Management LLC now owns 7,642 shares of the fast-food giant’s stock worth $1,357,000 after purchasing an additional 59 shares during the period. CMH Wealth Management LLC grew its holdings in Mcdonald’s by 0.5% during the fourth quarter. CMH Wealth Management LLC now owns 11,774 shares of the fast-food giant’s stock worth $2,091,000 after purchasing an additional 60 shares during the period. Finally, Douglas Lane & Associates LLC grew its holdings in Mcdonald’s by 2.2% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,780 shares of the fast-food giant’s stock worth $494,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 68.80% of the company’s stock.

Shares of NYSE MCD traded up $0.30 during midday trading on Wednesday, reaching $192.00. The company’s stock had a trading volume of 273,419 shares, compared to its average volume of 2,592,431. Mcdonald’s Corp has a fifty-two week low of $153.13 and a fifty-two week high of $193.07. The company has a market cap of $146.36 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.69 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the business earned $1.71 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Research analysts predict that Mcdonald’s Corp will post 8.11 earnings per share for the current year.

In other Mcdonald’s news, Chairman Andrew J. Mckenna sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $180.27, for a total transaction of $5,408,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Catherine A. Hoovel sold 1,328 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $175.95, for a total transaction of $233,661.60. Following the transaction, the vice president now owns 2,499 shares of the company’s stock, valued at $439,699.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,775 shares of company stock valued at $23,249,437. Company insiders own 0.22% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Mcdonald’s from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Co lifted their price target on Mcdonald’s from $202.00 to $203.00 and gave the stock an “outperform” rating in a report on Friday, January 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $210.00 price target (up previously from $195.00) on shares of Mcdonald’s in a report on Friday, April 5th. Robert W. Baird lifted their price target on Mcdonald’s from $196.00 to $205.00 in a report on Monday, April 1st. Finally, Royal Bank of Canada restated a “buy” rating and set a $205.00 price objective on shares of Mcdonald’s in a report on Wednesday, January 30th. Six research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Mcdonald’s currently has an average rating of “Buy” and an average target price of $195.50.

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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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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

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