McDonald's Co. (NYSE:MCD) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,080 shares of the fast-food giant's stock after selling 988 shares during the period. Hantz Financial Services Inc.'s holdings in McDonald's were worth $6,981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kennebec Savings Bank purchased a new position in shares of McDonald's in the 3rd quarter valued at $1,394,000. Charles Schwab Investment Management Inc. grew its holdings in 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 during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in McDonald's by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock worth $14,978,000 after buying an additional 2,997 shares during the last quarter. PFW Advisors LLC acquired a new position in shares of McDonald's during the fourth quarter valued at about $2,471,000. Finally, Weiss Asset Management LP acquired a new position in McDonald's during the 3rd quarter valued at approximately $16,870,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,905 shares of company stock valued at $2,592,327 over the last quarter. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Baird R W lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. TD Cowen restated a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research note on Tuesday, October 29th. Barclays increased their price target on McDonald's from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. KeyCorp cut their price objective on McDonald's from $330.00 to $320.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, Evercore ISI increased their target price on McDonald's from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Ten research 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 presently has a consensus rating of "Moderate Buy" and an average target price of $320.87.

McDonald's Trading Down 0.1 %

McDonald's stock traded down $0.16 during midday trading on Thursday, hitting $289.95. 568,862 shares of the stock were exchanged, compared to its average volume of 2,958,701. The stock's 50-day simple moving average is $291.11 and its 200 day simple moving average is $289.24. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a market capitalization of $207.78 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.66 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly 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. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 EPS. Equities analysts anticipate that McDonald's Co. will post 11.72 EPS for the current fiscal year.

McDonald's Company 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.