Swedbank AB Sells 58,924 Shares of McDonald's Co. (NYSE:MCD)

Swedbank AB lowered its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,107,174 shares of the fast-food giant's stock after selling 58,924 shares during the quarter. Swedbank AB owned 0.15% of McDonald's worth $320,959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of McDonald's by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant's stock valued at $32,894,000 after buying an additional 2,328 shares in the last quarter. Quarry LP grew its holdings in shares of McDonald's by 54.6% during the second quarter. Quarry LP now owns 609 shares of the fast-food giant's stock worth $155,000 after buying an additional 215 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of McDonald's by 10.8% in the second quarter. Pathway Financial Advisers LLC now owns 11,747 shares of the fast-food giant's stock valued at $2,969,000 after purchasing an additional 1,143 shares during the period. 3Chopt Investment Partners LLC purchased a new stake in shares of McDonald's in the second quarter valued at about $628,000. Finally, Founders Financial Alliance LLC increased its stake in shares of McDonald's by 0.7% during the second quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant's stock worth $1,269,000 after acquiring an additional 36 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In other news, EVP Marion K. Gross sold 1,499 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now directly owns 9,286 shares of the company's stock, valued at $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock valued at $2,150,857 in the last ninety days. Company insiders own 0.23% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD traded down $1.49 during midday trading on Friday, reaching $288.83. The company had a trading volume of 2,556,402 shares, compared to its average volume of 2,785,411. McDonald's Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market capitalization of $206.98 billion, a P/E ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73. The stock's fifty day moving average price is $291.12 and its 200-day moving average price is $289.51.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating 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 company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 EPS. As a group, sell-side analysts forecast that McDonald's Co. will post 11.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. KeyCorp cut their target price on McDonald's from $330.00 to $320.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. BMO Capital Markets raised their price target on McDonald's from $315.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Bank of America increased their price objective on shares of McDonald's from $321.00 to $324.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their target price on shares of McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, Morgan Stanley lowered their price target on shares of McDonald's from $340.00 to $336.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $320.87.

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.