Noteworthy Ownership Action: Institutional Investors Are Dumping Mcdonalds Corp (NYSE:MCD)

November 24, 2016 - By Dolores Ford   ·   0 Comments

Noteworthy Ownership Action: Institutional Investors Are Dumping Mcdonalds Corp (NYSE:MCD)

Sentiment for Mcdonalds Corp (NYSE:MCD)

Mcdonalds Corp (NYSE:MCD) institutional sentiment increased to 0.85 in Q2 2016. Its up 0.13, from 0.72 in 2016Q1. The ratio has improved, as 524 active investment managers started new or increased holdings, while 724 sold and decreased their stakes in Mcdonalds Corp. The active investment managers in our partner’s database now own: 575.61 million shares, down from 636.04 million shares in 2016Q1. Also, the number of active investment managers holding Mcdonalds Corp in their top 10 holdings decreased from 86 to 42 for a decrease of 44. Sold All: 105 Reduced: 619 Increased: 432 New Position: 92.

McDonald’s Corporation operates and franchises McDonald’s restaurants. The company has a market cap of $99.93 billion. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. It has a 22.45 P/E ratio. The Company’s divisions include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.

The stock increased 0.38% or $0.45 on November 23, hitting $120.14. About 2.87M shares traded hands. McDonald’s Corporation (NYSE:MCD) has declined 4.27% since April 22, 2016 and is downtrending. It has underperformed by 9.68% the S&P500.

Analysts await McDonald’s Corporation (NYSE:MCD) to report earnings on January, 23. They expect $1.40 EPS, up 9.37% or $0.12 from last year’s $1.28 per share. MCD’s profit will be $1.16 billion for 21.45 P/E if the $1.40 EPS becomes a reality. After $1.62 actual EPS reported by McDonald’s Corporation for the previous quarter, Wall Street now forecasts -13.58% negative EPS growth.

According to Zacks Investment Research, “McDonald’s Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or, under the terms of franchise arrangements, by franchisees who are independent third parties, or by affiliates operating under joint-venture agreements between the company and local business people.”

Concannon Wealth Management Llc holds 6.84% of its portfolio in McDonald’s Corporation for 55,458 shares. Capstone Financial Advisors Inc. owns 102,554 shares or 6.67% of their US portfolio. Moreover, Focused Investors Llc has 5.86% invested in the company for 1.24 million shares. The Quebec – Canada-based Lombard Odier & Cie (Canada) Limited Partnership has invested 5.79% in the stock. Hs Management Partners Llc, a New York-based fund reported 1.10 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 3 sales for $12.66 million net activity.

McDonald’s Corporation (NYSE:MCD) Ratings Coverage

Ratings analysis reveals 57% of McDonald’s Corporation’s analysts are positive. Out of 23 Wall Street analysts rating McDonald’s Corporation, 13 give it “Buy”, 1 “Sell” rating, while 9 recommend “Hold”. The lowest target is $35 while the high is $142. The stock’s average target of $122.68 is 2.11% above today’s ($120.14) share price. MCD was included in 53 notes of analysts from September 29, 2015. Credit Suisse maintained McDonald’s Corporation (NYSE:MCD) on Monday, June 27 with “Outperform” rating. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, March 29 report. The stock of McDonald’s Corporation (NYSE:MCD) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 11. The stock of McDonald’s Corporation (NYSE:MCD) has “Buy” rating given on Friday, October 23 by UBS. The firm has “Buy” rating given on Monday, January 4 by Nomura. RBC Capital Markets maintained McDonald’s Corporation (NYSE:MCD) on Tuesday, January 26 with “Outperform” rating. The stock of McDonald’s Corporation (NYSE:MCD) earned “Overweight” rating by Piper Jaffray on Friday, October 23. Evercore initiated the stock with “Hold” rating in Tuesday, April 5 report. On Monday, March 7 the stock rating was maintained by UBS with “Buy”. The firm has “Market Perform” rating by Cowen & Co given on Monday, April 25.

MCD Company Profile

McDonald’s Corporation (McDonald’s), incorporated on December 21, 1964, operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s divisions include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate. Of the approximately 36,525 restaurants in over 120 countries approximately 30,080 are franchised and over 6,444 are operated by the Company. McDonald’s franchised restaurants are owned and operated under various structures, including conventional franchise, developmental license or affiliate. The Firm is primarily a franchisor, with over 80% of McDonald’s restaurants owned and operated by independent franchisees. Under a conventional franchise arrangement, the Company owns the land and building or secures a long-term lease for the restaurant location and the franchisee pays for equipment, signs, seating and decor. The Firm uses the developmental license ownership structure in over 70 countries with a total of approximately 5,500 restaurants.

More important recent McDonald’s Corporation (NYSE:MCD) news were published by: Fool.com which released: “Battle of Dividends: McDonald’s Corporation vs. PepsiCo Inc.” on November 18, 2016, also Investorplace.com published article titled: “McDonald’s Corporation (MCD) Tests New Siracha Big Mac”, Seekingalpha.com published: “McDonald’s: Worthless On Paper?” on November 24, 2016. More interesting news about McDonald’s Corporation (NYSE:MCD) was released by: Seekingalpha.com and their article: “Dividend Aristocrats In Focus Part 19: McDonald’s Corporation” with publication date: October 29, 2016.

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By Dolores Ford


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