BancFirst Trust & Investment Management Lowers Holdings in McDonald’s Co. (NYSE:MCD)

BancFirst Trust & Investment Management trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 10.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,289 shares of the fast-food giant’s stock after selling 157 shares during the quarter. BancFirst Trust & Investment Management’s holdings in McDonald’s were worth $374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Independent Solutions Wealth Management LLC grew its position in McDonald’s by 13.8% during the third quarter. Independent Solutions Wealth Management LLC now owns 8,939 shares of the fast-food giant’s stock valued at $2,722,000 after buying an additional 1,081 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of McDonald’s by 0.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 280,204 shares of the fast-food giant’s stock worth $85,325,000 after purchasing an additional 1,263 shares in the last quarter. Legacy Wealth Management LLC MS raised its holdings in McDonald’s by 6.4% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 5,423 shares of the fast-food giant’s stock worth $1,651,000 after purchasing an additional 328 shares during the period. Birmingham Capital Management Co. Inc. AL grew its holdings in McDonald’s by 2.3% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 36,313 shares of the fast-food giant’s stock valued at $11,058,000 after purchasing an additional 807 shares during the period. Finally, DGS Capital Management LLC bought a new stake in McDonald’s during the third quarter valued at about $215,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Up 1.0 %

Shares of MCD stock traded up $2.85 during mid-day trading on Thursday, reaching $292.74. The stock had a trading volume of 1,266,988 shares, compared to its average volume of 3,443,814. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a market cap of $209.78 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 3.95 and a beta of 0.73. The business’s fifty day moving average is $294.75 and its 200-day moving average is $284.60.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $3.19 EPS. On average, analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MCD. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Bank of America boosted their price target on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group increased their price objective on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.65.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,551 shares of company stock valued at $3,120,554. Company insiders own 0.23% of the company’s stock.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.