McDonald’s Co. (NYSE:MCD) Stock Holdings Lessened by Northern Financial Advisors Inc

Northern Financial Advisors Inc cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,799 shares of the fast-food giant’s stock after selling 196 shares during the period. Northern Financial Advisors Inc’s holdings in McDonald’s were worth $1,126,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MCD. International Assets Investment Management LLC grew its stake in McDonald’s by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $192,165,000. AMF Tjanstepension AB increased its holdings in McDonald’s by 174.7% in the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock worth $249,693,000 after buying an additional 602,707 shares during the last quarter. Barclays PLC raised its position in McDonald’s by 16.7% during the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after acquiring an additional 429,000 shares in the last quarter. Finally, Winslow Capital Management LLC lifted its stake in McDonald’s by 39.6% in the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after acquiring an additional 370,699 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. Robert W. Baird reduced their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. KeyCorp reduced their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Guggenheim lowered their target price on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, TD Cowen reissued a “buy” rating and set a $305.00 target price on shares of McDonald’s in a research report on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $317.74.

McDonald’s Stock Performance

MCD traded up $0.37 during midday trading on Wednesday, hitting $267.87. The company had a trading volume of 1,379,741 shares, compared to its average volume of 3,286,960. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm’s 50-day simple moving average is $278.43 and its 200-day simple moving average is $282.90. The company has a market capitalization of $193.14 billion, a PE ratio of 22.66, a P/E/G ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.63 EPS. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.