Penn Davis Mcfarland Inc. Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

Penn Davis Mcfarland Inc. decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,213 shares of the fast-food giant’s stock after selling 40 shares during the quarter. McDonald’s comprises approximately 0.7% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 28th biggest holding. Penn Davis Mcfarland Inc.’s holdings in McDonald’s were worth $6,149,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in McDonald’s by 31,151.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after buying an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after acquiring an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in McDonald’s during the 3rd quarter worth approximately $121,254,000. Ameriprise Financial Inc. lifted its stake in McDonald’s by 8.0% in 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 in the last quarter. Finally, Zurich Insurance Group Ltd FI increased its holdings in shares of McDonald’s by 3,580.1% in the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after purchasing an additional 261,350 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MCD. Baird R W cut 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 objective on shares of McDonald’s in a research report on Tuesday, October 29th. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. BMO Capital Markets raised their price objective on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, UBS Group upped their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $280.90 on Monday. The firm has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a PEG ratio of 3.67 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 company’s 50-day simple moving average is $292.54 and its 200 day simple moving average is $287.24.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm posted $3.19 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

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.