Coston McIsaac & Partners Sells 1,010 Shares of McDonald's Co. (NYSE:MCD)

Coston McIsaac & Partners cut its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,868 shares of the fast-food giant's stock after selling 1,010 shares during the period. McDonald's comprises approximately 2.0% of Coston McIsaac & Partners' holdings, making the stock its 12th largest holding. Coston McIsaac & Partners' holdings in McDonald's were worth $6,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCD. DMC Group LLC grew its position in shares of McDonald's by 3.3% during the 4th quarter. DMC Group LLC now owns 1,861 shares of the fast-food giant's stock worth $539,000 after buying an additional 59 shares during the period. Abel Hall LLC grew its holdings in McDonald's by 5.6% during the 4th quarter. Abel Hall LLC now owns 1,255 shares of the fast-food giant's stock worth $364,000 after acquiring an additional 67 shares during the period. Baron Wealth Management LLC raised its position in shares of McDonald's by 7.8% during the 4th quarter. Baron Wealth Management LLC now owns 1,690 shares of the fast-food giant's stock valued at $490,000 after acquiring an additional 123 shares during the last quarter. Highland Capital Management LLC lifted its stake in shares of McDonald's by 657.1% in the 4th quarter. Highland Capital Management LLC now owns 7,245 shares of the fast-food giant's stock valued at $2,100,000 after purchasing an additional 6,288 shares during the period. Finally, Gries Financial LLC boosted its position in shares of McDonald's by 60.0% in the 4th quarter. Gries Financial LLC now owns 1,235 shares of the fast-food giant's stock worth $358,000 after purchasing an additional 463 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Performance

NYSE:MCD traded down $1.49 during mid-day trading on Friday, hitting $288.83. The stock had a trading volume of 2,556,402 shares, compared to its average volume of 2,785,411. The company's 50 day simple moving average is $291.12 and its 200 day simple moving average is $289.51. The stock has a market cap of $206.98 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $6.82 billion. During the same period in the previous year, the company posted $3.19 EPS. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts forecast that McDonald's Co. will post 11.68 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on MCD. Baird R W downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Argus upgraded shares of McDonald's from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Barclays raised their price objective on McDonald's from $300.00 to $325.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Bank of America lifted their price objective on McDonald's from $321.00 to $324.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, UBS Group increased their target price on McDonald's from $305.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $320.87.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company's stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares of the company's stock, valued at $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

About McDonald's

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.