Folger Nolan Fleming Douglas Capital Management Inc. Reduces Position in McDonald's Co. (NYSE:MCD)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,236 shares of the fast-food giant's stock after selling 1,064 shares during the quarter. McDonald's accounts for about 1.6% of Folger Nolan Fleming Douglas Capital Management Inc.'s investment portfolio, making the stock its 14th largest position. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in McDonald's were worth $15,433,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of McDonald's by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant's stock valued at $4,833,510,000 after acquiring an additional 220,365 shares during the period. Wellington Management Group LLP lifted its holdings in McDonald's by 0.9% during the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant's stock valued at $4,592,892,000 after purchasing an additional 128,800 shares in the last quarter. Legal & General Group Plc boosted its position in shares of McDonald's by 3.2% in the second quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant's stock worth $1,567,030,000 after purchasing an additional 188,888 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of McDonald's by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock worth $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of McDonald's by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant's stock valued at $1,216,677,000 after purchasing an additional 354,196 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

McDonald's Stock Up 0.4 %

Shares of McDonald's stock traded up $1.16 during midday trading on Friday, hitting $280.90. The company had a trading volume of 3,304,829 shares, compared to its average volume of 2,456,984. The company has a fifty day simple moving average of $292.54 and a 200 day simple moving average of $287.24. The stock has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. McDonald's Co. has a 12-month low of $243.53 and a 12-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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $6.82 billion. During the same quarter last year, the business posted $3.19 EPS. The firm's quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts expect that McDonald's Co. will post 11.73 EPS for the current year.

Analysts Set New Price Targets

MCD has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of McDonald's from $315.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Bank of America upped their price objective on McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their target price on McDonald's from $285.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Morgan Stanley upped their price target on McDonald's from $296.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Finally, Citigroup upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $321.39.

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.