McDonald’s Co. (NYSE:MCD) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 45,420 shares of the fast-food giant’s stock after selling 863 shares during the period. McDonald’s accounts for 1.7% of Burns J W & Co. Inc. NY’s investment portfolio, making the stock its 15th largest holding. Burns J W & Co. Inc. NY’s holdings in McDonald’s were worth $13,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. American Century Companies Inc. boosted its stake in shares of McDonald’s by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock worth $12,281,000 after purchasing an additional 915 shares during the last quarter. Parallel Advisors LLC grew its holdings in McDonald’s by 1.8% in the 2nd quarter. Parallel Advisors LLC now owns 14,492 shares of the fast-food giant’s stock valued at $3,693,000 after buying an additional 250 shares during the period. Wealthspire Advisors LLC increased its stake in shares of McDonald’s by 1.5% during the 2nd quarter. Wealthspire Advisors LLC now owns 15,318 shares of the fast-food giant’s stock valued at $3,904,000 after acquiring an additional 219 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of McDonald’s by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,174,717 shares of the fast-food giant’s stock worth $299,365,000 after acquiring an additional 26,571 shares during the period. Finally, Pinion Investment Advisors LLC boosted its position in shares of McDonald’s by 6.8% in the second quarter. Pinion Investment Advisors LLC now owns 4,640 shares of the fast-food giant’s stock worth $1,182,000 after acquiring an additional 295 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MCD shares. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. KeyCorp increased their target price on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Barclays boosted their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Morgan Stanley raised their price objective on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Bank of America boosted their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the transaction, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD traded up $0.89 during trading hours on Monday, hitting $283.20. 3,384,918 shares of the stock were exchanged, compared to its average volume of 3,095,392. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a 50-day simple moving average of $293.94 and a 200-day simple moving average of $286.47. The stock has a market cap of $202.95 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

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.