YHB Investment Advisors Inc. Has $7.94 Million Position in Mcdonald’s Corp (MCD)

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YHB Investment Advisors Inc. increased its holdings in Mcdonald’s Corp (NYSE:MCD) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,736 shares of the fast-food giant’s stock after buying an additional 3,016 shares during the period. Mcdonald’s accounts for 1.4% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 21st biggest position. YHB Investment Advisors Inc.’s holdings in Mcdonald’s were worth $7,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its holdings in Mcdonald’s by 5.5% in the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after buying an additional 1,014,792 shares during the period. Fundsmith Equity Fund L.P. purchased a new stake in shares of Mcdonald’s in the second quarter valued at $1,191,239,000. Bank of New York Mellon Corp raised its stake in shares of Mcdonald’s by 6,582,167.8% in the third quarter. Bank of New York Mellon Corp now owns 7,964,544 shares of the fast-food giant’s stock valued at $1,332,390,000 after acquiring an additional 7,964,423 shares during the period. Morgan Stanley raised its stake in shares of Mcdonald’s by 9.6% in the second quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock valued at $931,884,000 after acquiring an additional 522,333 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Mcdonald’s by 1.0% in the third quarter. Legal & General Group Plc now owns 3,763,644 shares of the fast-food giant’s stock valued at $629,631,000 after acquiring an additional 37,786 shares during the period. 67.16% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on MCD. Royal Bank of Canada set a $190.00 price objective on shares of Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, October 24th. Gordon Haskett began coverage on shares of Mcdonald’s in a research report on Thursday, October 18th. They set a “buy” rating and a $185.00 price target for the company. SunTrust Banks lifted their price target on shares of Mcdonald’s to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. UBS Group lifted their price target on shares of Mcdonald’s from $170.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday, October 24th. Finally, Jefferies Financial Group set a $190.00 price target on shares of Mcdonald’s and gave the company a “buy” rating in a research report on Wednesday, September 26th. Seven analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $191.76.

MCD traded up $0.85 during trading on Friday, reaching $182.40. 204,345 shares of the company’s stock were exchanged, compared to its average volume of 3,419,010. Mcdonald’s Corp has a 1 year low of $146.84 and a 1 year high of $190.88. The firm has a market capitalization of $138.99 billion, a PE ratio of 27.38, a P/E/G ratio of 2.48 and a beta of 0.59.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.28 billion. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. Mcdonald’s’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.76 EPS. As a group, equities research analysts anticipate that Mcdonald’s Corp will post 7.76 EPS for the current fiscal year.

In other Mcdonald’s news, CEO Stephen Easterbrook sold 201,123 shares of the stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the transaction, the chief executive officer now owns 48,925 shares in the company, valued at $8,592,697.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ian Frederick Borden sold 4,782 shares of the stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $177.68, for a total value of $849,665.76. The disclosure for this sale can be found here. Insiders sold 221,041 shares of company stock valued at $38,839,407 over the last three months. Corporate insiders own 0.22% of the company’s stock.

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About Mcdonald’s

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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