Coston McIsaac & Partners Sells 1,010 Shares of McDonald’s Co. (NYSE:MCD)

Coston McIsaac & Partners lessened its holdings in McDonald’s Co. (NYSE:MCD) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,868 shares of the fast-food giant’s stock after selling 1,010 shares during the period. McDonald’s makes up about 2.0% of Coston McIsaac & Partners’ holdings, making the stock its 12th biggest holding. Coston McIsaac & Partners’ holdings in McDonald’s were worth $6,629,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the third quarter valued at $31,000. Hara Capital LLC acquired a new stake in McDonald’s during the 3rd quarter worth about $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s in the 3rd quarter worth about $58,000. Finally, FSA Wealth Management LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at about $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated 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 sale, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 8,905 shares of company stock worth $2,592,327 over the last three months. 0.23% of the stock is owned by insiders.

McDonald’s Trading Down 0.3 %

McDonald’s stock opened at $290.41 on Thursday. The firm’s 50 day simple moving average is $291.12 and its 200 day simple moving average is $289.23. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a market capitalization of $208.11 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results 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 firm had revenue of $6.87 billion for 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%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.19 EPS. Research analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. KeyCorp lowered their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.