Franklin Street Advisors Inc. NC Has $4.59 Million Stake in McDonald’s Co. (NYSE:MCD)

Franklin Street Advisors Inc. NC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 19.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,824 shares of the fast-food giant’s stock after selling 3,783 shares during the period. Franklin Street Advisors Inc. NC’s holdings in McDonald’s were worth $4,587,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s in the 3rd quarter valued at approximately $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s during the third quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s during the third quarter worth $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s during the 3rd quarter worth $72,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MCD shares. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Barclays upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. BMO Capital Markets upped their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their price objective on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $321.39.

McDonald’s Stock Down 1.3 %

Shares of McDonald’s stock traded down $3.72 during trading on Friday, reaching $283.18. The company’s stock had a trading volume of 1,530,446 shares, compared to its average volume of 2,627,092. The company has a market cap of $202.93 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.95 and a beta of 0.73. The firm’s 50-day moving average is $294.20 and its two-hundred day moving average is $285.92. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

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

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is currently owned by insiders.

McDonald’s Company 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.