Crossmark Global Holdings Inc. Has $30.67 Million Holdings in McDonald's Co. (NYSE:MCD)

Crossmark Global Holdings Inc. cut its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 105,808 shares of the fast-food giant's stock after selling 4,830 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in McDonald's were worth $30,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Fund Management LLC raised its holdings in McDonald's by 103.7% during the fourth quarter. Royal Fund Management LLC now owns 31,640 shares of the fast-food giant's stock worth $9,395,000 after acquiring an additional 16,111 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of McDonald's in the 4th quarter valued at approximately $98,000. Mitchell & Pahl Private Wealth LLC increased its holdings in McDonald's by 4.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,878 shares of the fast-food giant's stock worth $2,864,000 after buying an additional 450 shares during the last quarter. Ballentine Partners LLC raised its position in McDonald's by 0.9% during the fourth quarter. Ballentine Partners LLC now owns 17,208 shares of the fast-food giant's stock worth $4,988,000 after acquiring an additional 151 shares in the last quarter. Finally, Pure Financial Advisors LLC lifted its stake in McDonald's by 15.3% in the fourth quarter. Pure Financial Advisors LLC now owns 3,781 shares of the fast-food giant's stock valued at $1,096,000 after acquiring an additional 502 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Up 0.7 %

Shares of MCD stock traded up $1.90 during mid-day trading on Tuesday, reaching $282.85. 3,852,565 shares of the stock traded hands, compared to its average volume of 3,112,984. The stock's fifty day simple moving average is $292.12 and its two-hundred day simple moving average is $287.72. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market cap of $202.69 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 EPS. On average, equities research analysts anticipate that McDonald's Co. will post 11.73 EPS for the current fiscal year.

Insider Activity at McDonald's

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MCD shares. Evercore ISI raised their target price on shares of McDonald's from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. KeyCorp lifted their price target on McDonald's from $305.00 to $330.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Robert W. Baird downgraded shares of McDonald's from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Bank of America raised their target price on shares of McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price target on McDonald's from $284.00 to $325.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $321.22.

McDonald's 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.