Franklin Street Advisors Inc. NC Has $4.59 Million Holdings in McDonald’s Co. (NYSE:MCD)

Franklin Street Advisors Inc. NC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 19.3% during the fourth quarter, according to its most recent 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 institutional investors have also made changes to their positions in MCD. International Assets Investment Management LLC raised its holdings in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after acquiring an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after buying an additional 677,139 shares during the last quarter. Mondrian Investment Partners LTD bought a new position in McDonald’s during the second quarter valued at approximately $110,321,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in McDonald’s in the third quarter worth approximately $121,254,000. Finally, Ameriprise Financial Inc. increased its stake 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 worth $1,216,677,000 after purchasing an additional 354,196 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Wells Fargo & Company increased their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. BMO Capital Markets lifted their price objective on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Wedbush reissued an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the firm’s 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 sale, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,050 shares of company stock valued at $3,556,688. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

Shares of MCD traded down $3.72 during midday trading on Friday, hitting $283.18. The stock had a trading volume of 1,530,446 shares, compared to its average volume of 2,627,092. The company has a 50 day simple moving average of $294.20 and a two-hundred day simple moving average of $285.92. The firm has a market cap of $202.93 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last announced 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. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 EPS. Analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal 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.