Murphy Capital Management Inc. Has $7.86 Million Stake in Mcdonald’s Corp (MCD)

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Murphy Capital Management Inc. reduced its stake in Mcdonald’s Corp (NYSE:MCD) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,412 shares of the fast-food giant’s stock after selling 2,006 shares during the period. Mcdonald’s makes up about 1.2% of Murphy Capital Management Inc.’s holdings, making the stock its 25th largest holding. Murphy Capital Management Inc.’s holdings in Mcdonald’s were worth $7,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Mcdonald’s by 15.3% during the fourth quarter. FMR LLC now owns 21,356,753 shares of the fast-food giant’s stock worth $3,792,318,000 after purchasing an additional 2,831,716 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Mcdonald’s by 16,975.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock worth $84,000 after purchasing an additional 14,910,259 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Mcdonald’s by 2.8% during the fourth quarter. Northern Trust Corp now owns 11,680,799 shares of the fast-food giant’s stock worth $2,074,161,000 after purchasing an additional 317,676 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Mcdonald’s by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock worth $1,673,764,000 after purchasing an additional 683,872 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Mcdonald’s by 4.8% during the fourth quarter. Bank of New York Mellon Corp now owns 8,347,633 shares of the fast-food giant’s stock worth $1,482,289,000 after purchasing an additional 383,089 shares during the last quarter. Institutional investors and hedge funds own 69.03% of the company’s stock.

Shares of NYSE:MCD opened at $199.22 on Friday. The stock has a market capitalization of $152.12 billion, a P/E ratio of 25.22, a PEG ratio of 2.79 and a beta of 0.54. Mcdonald’s Corp has a 52 week low of $153.13 and a 52 week high of $200.63.

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

In related news, insider Christopher J. Kempczinski sold 38,729 shares of Mcdonald’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin M. Ozan sold 40,930 shares of Mcdonald’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total value of $8,018,187.00. Following the transaction, the chief financial officer now owns 42,647 shares of the company’s stock, valued at $8,354,547.30. The disclosure for this sale can be found here. Insiders have sold a total of 100,300 shares of company stock valued at $19,632,367 over the last 90 days. Insiders own 0.25% of the company’s stock.

A number of equities analysts recently issued reports on MCD shares. Stephens raised Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $180.00 to $200.00 in a report on Tuesday, February 19th. Barclays raised their price target on Mcdonald’s from $208.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Bank of America raised their price target on Mcdonald’s from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Royal Bank of Canada reissued a “buy” rating and set a $205.00 price target on shares of Mcdonald’s in a report on Wednesday, January 30th. Finally, Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $202.39.

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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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