CI Investments Inc. Has $52.03 Million Holdings in Mcdonald’s Corp (MCD)

CI Investments Inc. lifted its position in shares of Mcdonald’s Corp (NYSE:MCD) by 122.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 293,000 shares of the fast-food giant’s stock after buying an additional 161,300 shares during the quarter. CI Investments Inc.’s holdings in Mcdonald’s were worth $52,028,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Marathon Capital Management increased its stake in shares of Mcdonald’s by 36.6% during the 4th quarter. Marathon Capital Management now owns 1,717 shares of the fast-food giant’s stock valued at $304,000 after acquiring an additional 460 shares during the last quarter. United Income Inc. acquired a new position in shares of Mcdonald’s during the 4th quarter valued at about $550,000. Manning & Napier Group LLC increased its stake in shares of Mcdonald’s by 5.8% during the 4th quarter. Manning & Napier Group LLC now owns 152,951 shares of the fast-food giant’s stock valued at $27,159,000 after acquiring an additional 8,368 shares during the last quarter. Pekin Singer Strauss Asset Management IL increased its stake in shares of Mcdonald’s by 28.8% during the 4th quarter. Pekin Singer Strauss Asset Management IL now owns 7,944 shares of the fast-food giant’s stock valued at $1,411,000 after acquiring an additional 1,774 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its stake in shares of Mcdonald’s by 5.0% during the 4th quarter. Cozad Asset Management Inc. now owns 7,398 shares of the fast-food giant’s stock valued at $1,314,000 after acquiring an additional 355 shares during the last quarter. 69.03% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. BTIG Research upped their price objective on shares of Mcdonald’s to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. SunTrust Banks upped their price objective on shares of Mcdonald’s to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Bank of America upped their price objective on shares of Mcdonald’s from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Longbow Research downgraded shares of Mcdonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $200.00 to $197.00 in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. boosted their target price on Mcdonald’s from $182.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $202.39.

NYSE MCD traded up $0.12 on Wednesday, reaching $199.96. The company had a trading volume of 1,473,524 shares, compared to its average volume of 3,203,653. The stock has a market cap of $152.59 billion, a PE ratio of 25.31, a P/E/G ratio of 2.79 and a beta of 0.54. Mcdonald’s Corp has a 1 year low of $153.13 and a 1 year high of $201.15.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.01). The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.79 EPS. Equities analysts anticipate that Mcdonald’s Corp will post 8.04 EPS for the current fiscal year.

In other news, insider Christopher J. Kempczinski sold 38,729 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $195.21, for a total transaction of $7,560,288.09. Following the completion of the transaction, the insider now directly owns 11,658 shares in the company, valued at approximately $2,275,758.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,449 shares of company stock valued at $20,458,931. 0.25% of the stock is owned by company insiders.

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Mcdonald’s Company 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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