Kiwi Wealth Investments Limited Partnership Decreases Holdings in Mcdonald’s Corp (MCD)

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Kiwi Wealth Investments Limited Partnership cut its stake in Mcdonald’s Corp (NYSE:MCD) by 16.7% in the 4th quarter, HoldingsChannel reports. The firm owned 76,403 shares of the fast-food giant’s stock after selling 15,358 shares during the period. Mcdonald’s makes up about 1.4% of Kiwi Wealth Investments Limited Partnership’s portfolio, making the stock its 19th biggest position. Kiwi Wealth Investments Limited Partnership’s holdings in Mcdonald’s were worth $13,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. New Capital Management LP grew its position in Mcdonald’s by 33.1% during the 4th 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 during the last quarter. Ipswich Investment Management Co. Inc. grew its position in Mcdonald’s by 0.5% during the 4th quarter. Ipswich Investment Management Co. Inc. now owns 11,823 shares of the fast-food giant’s stock valued at $2,099,000 after purchasing an additional 56 shares during the last quarter. Moloney Securities Asset Management LLC grew its position in Mcdonald’s by 0.8% during the 4th quarter. Moloney Securities Asset Management LLC now owns 7,642 shares of the fast-food giant’s stock valued at $1,357,000 after purchasing an additional 59 shares during the last quarter. CMH Wealth Management LLC grew its position in Mcdonald’s by 0.5% during the 4th quarter. CMH Wealth Management LLC now owns 11,774 shares of the fast-food giant’s stock valued at $2,091,000 after purchasing an additional 60 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its position in Mcdonald’s by 2.2% during the 4th quarter. Douglas Lane & Associates LLC now owns 2,780 shares of the fast-food giant’s stock valued at $494,000 after purchasing an additional 60 shares during the last quarter. 68.80% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSE MCD opened at $191.70 on Wednesday. The stock has a market cap of $146.83 billion, a PE ratio of 24.27, a P/E/G ratio of 2.68 and a beta of 0.53. Mcdonald’s Corp has a 52-week low of $153.13 and a 52-week high of $193.07.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.71 EPS. As a group, sell-side analysts forecast that Mcdonald’s Corp will post 8.12 earnings per share for the current year.

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

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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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