McDonald’s Co. (NYSE:MCD) Stock Holdings Trimmed by Rockland Trust Co.

Rockland Trust Co. lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,268 shares of the fast-food giant’s stock after selling 275 shares during the period. Rockland Trust Co.’s holdings in McDonald’s were worth $13,123,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in McDonald’s by 1.9% during the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after purchasing an additional 915 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of McDonald’s by 8.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,772,338 shares of the fast-food giant’s stock valued at $451,689,000 after buying an additional 138,191 shares during the last quarter. One Capital Management LLC raised its stake in McDonald’s by 49.6% during the second quarter. One Capital Management LLC now owns 6,158 shares of the fast-food giant’s stock worth $1,569,000 after acquiring an additional 2,041 shares during the period. Citizens Financial Group Inc. RI boosted its stake in McDonald’s by 46.1% in the second quarter. Citizens Financial Group Inc. RI now owns 22,726 shares of the fast-food giant’s stock valued at $5,791,000 after acquiring an additional 7,168 shares during the period. Finally, Savoir Faire Capital Management L.P. raised its position in shares of McDonald’s by 19.9% during the 2nd quarter. Savoir Faire Capital Management L.P. now owns 12,858 shares of the fast-food giant’s stock worth $3,277,000 after purchasing an additional 2,135 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Evercore ISI upped their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Wedbush restated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. UBS Group boosted their price objective on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Trading Down 0.8 %

Shares of NYSE MCD opened at $281.40 on Wednesday. The firm has a market capitalization of $201.66 billion, a PE ratio of 24.71, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business has a 50-day moving average price of $293.43 and a two-hundred day moving average price of $286.83.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating 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 analyst estimates of $6.82 billion. During the same quarter in the prior year, the business earned $3.19 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current year.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company’s stock.

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.