McDonald’s Corp (NYSE:MCD).
Baird Financial Group, Inc. says it increased its stake in McDonald’s Corp shares by 0.2% in the last quarter. Its stake was valued at $39,051,000 an increase of 2.5% as of quarter end.
Here are a few institutional investors who have updated their positions. Frontier Investment Mgmt Co added to its investment by buying 5,297 shares an increase of 3.6% in the quarter. Frontier Investment Mgmt Co claims 151,179 shares worth $23,687,000. The total value of its holdings increased 6.0%. As of quarter end Tredje Ap-fonden had acquired 9,132 shares growing its stake by 7.6%. The value of the investment in (MCD) increased from $18,454,000 to $20,309,000 a change of 10.1% since the last quarter.
RBO & CO LLC cut its holdings by selling 65 shares a decrease of 0.1% from 06/30/2017 to 09/30/2017. RBO & CO LLC now controls 114,887 shares valued at $18,000,000. The value of the position overall is up by 2.2%.
On November 8, 2017 Goldman Sachs Group, Inc. (The) released research on MCD stating a rating of “Buy” and projecting a price target of $173.00. On October 26 analysts at Deutsche Bank AG updated coverage of MCD and giving a rating of “Buy” and price target of $185.00.
Stifel Nicolaus updated its forecast on MCD with a rating of “Neutral” and a price target of $165.00. Equity analyst J P Morgan Chase & Co released a research note on MCD stating a rating of “Buy” and setting a price target of $175.00.
Robert W. Baird issued a report on MCD and giving a rating of “Buy” and establishing a price target of $175.00. Equity analyst BMO Capital Markets released guidance on MCD and giving a rating of “Buy” and establishing a price target of $175.00.
The company is trading up by 0.07% percent from yesterday’s close. The most current P/E ratio is 24.28 and the market value is 136.27B. As of the latest earnings report the EPS was $6.93 with 797.20M shares now outstanding.
Traders are feeling more bearish on shares of the company lately if you take into consideration the motion in short interest. The stock experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 23.22%. Short interest grew 1,475,315 over that period. Days to cover increased from 2.0 to 3.0 and the short interest percentage is 0.01% as of October 13.