Franklin Street Advisors Inc. NC Sells 3,783 Shares of McDonald's Co. (NYSE:MCD)

Franklin Street Advisors Inc. NC reduced its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,824 shares of the fast-food giant's stock after selling 3,783 shares during the period. Franklin Street Advisors Inc. NC's holdings in McDonald's were worth $4,587,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. ST Germain D J Co. Inc. raised its holdings in McDonald's by 2.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 15,549 shares of the fast-food giant's stock valued at $4,508,000 after buying an additional 306 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in McDonald's by 31.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 480,355 shares of the fast-food giant's stock valued at $146,272,000 after acquiring an additional 114,692 shares in the last quarter. ORG Partners LLC grew its position in shares of McDonald's by 4.8% during the fourth quarter. ORG Partners LLC now owns 1,569 shares of the fast-food giant's stock worth $456,000 after buying an additional 72 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of McDonald's by 39.4% during the fourth quarter. Fortitude Family Office LLC now owns 4,214 shares of the fast-food giant's stock worth $1,222,000 after buying an additional 1,190 shares in the last quarter. Finally, First Hawaiian Bank grew its position in shares of McDonald's by 1.7% during the fourth quarter. First Hawaiian Bank now owns 11,191 shares of the fast-food giant's stock worth $3,244,000 after buying an additional 184 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of McDonald's from $315.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Bank of America raised 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. 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. KeyCorp raised their price objective on McDonald's from $305.00 to $330.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group raised their price objective on McDonald's from $284.00 to $325.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average target price of $321.39.

Insiders Place Their Bets

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value 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. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is owned by corporate insiders.

McDonald's Stock Down 1.6 %

McDonald's stock traded down $4.68 during midday trading on Friday, hitting $282.22. The company's stock had a trading volume of 3,945,010 shares, compared to its average volume of 3,047,635. The stock's 50-day moving average price is $294.20 and its 200-day moving average price is $285.92. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market capitalization of $202.24 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly 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 net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion for the quarter, compared to analysts' expectations of $6.82 billion. During the same period in the previous year, the business earned $3.19 earnings per share. McDonald's's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that McDonald's Co. will post 11.75 EPS for the current year.

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.