Logan Capital Management Inc. Sells 791 Shares of McDonald’s Co. (NYSE:MCD)

Logan Capital Management Inc. trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 35,956 shares of the fast-food giant’s stock after selling 791 shares during the period. Logan Capital Management Inc.’s holdings in McDonald’s were worth $10,423,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in McDonald’s in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s during the fourth quarter worth about $27,000. Collier Financial acquired a new stake in McDonald’s in the 4th quarter worth about $29,000. Fairway Wealth LLC boosted its holdings in McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $30,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the sale, the insider now owns 13,978 shares of the company’s stock, valued at approximately $4,263,290. This trade represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,136 shares of company stock valued at $8,676,247. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MCD shares. BMO Capital Markets restated an “outperform” rating and issued a $345.00 price target (up from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Piper Sandler boosted their price target on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Bank of America raised their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Citigroup boosted their target price on shares of McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Robert W. Baird raised their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Trading Up 0.1%

NYSE:MCD opened at $313.75 on Monday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a market capitalization of $224.35 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 3.10 and a beta of 0.57. The firm has a fifty day simple moving average of $310.10 and a two-hundred day simple moving average of $300.11.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the business posted $2.70 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.