McDonald’s Co. (NYSE:MCD) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,741 shares of the fast-food giant’s stock after selling 5,935 shares during the period. Pathstone Holdings LLC’s holdings in McDonald’s were worth $32,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of brokerages have recently commented on MCD. Morgan Stanley reduced their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Citigroup lifted their target price on shares of McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. BMO Capital Markets restated an “outperform” rating and issued a $345.00 target price (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Finally, Bank of America raised their price target on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $325.91.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $308.76 on Wednesday. The business has a 50-day moving average of $310.15 and a 200 day moving average of $300.31. 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 $220.79 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

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

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. The trade was a 24.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,099 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $304.60, for a total value of $334,755.40. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $475,176. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,636 shares of company stock valued at $5,420,722. 0.25% of the stock is owned by insiders.

McDonald’s 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.