Captrust Financial Advisors Purchases 4,097 Shares of McDonald's Co. (NYSE:MCD)

Captrust Financial Advisors increased its position in McDonald's Co. (NYSE:MCD - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,616 shares of the fast-food giant's stock after buying an additional 4,097 shares during the quarter. Captrust Financial Advisors' holdings in McDonald's were worth $51,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Norges Bank purchased a new position in shares of McDonald's in the 4th quarter valued at $2,725,190,000. Raymond James Financial Inc. purchased a new position in McDonald's in the fourth quarter valued at about $703,074,000. Castlekeep Investment Advisors LLC acquired a new position in shares of McDonald's during the fourth quarter worth about $350,935,000. Northern Trust Corp boosted its position in shares of McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after buying an additional 895,896 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of McDonald's by 24.4% in the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after buying an additional 794,536 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of NYSE MCD traded up $0.26 during trading on Friday, hitting $313.75. The company had a trading volume of 1,917,256 shares, compared to its average volume of 3,556,520. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market cap of $224.35 billion, a P/E ratio of 27.55, a PEG ratio of 3.10 and a beta of 0.57. The business's 50-day moving average is $310.10 and its 200 day moving average is $300.12.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the business earned $2.70 EPS. The company's revenue was down 3.5% on a year-over-year basis. On average, research analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent research reports. KeyCorp upped their price target on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. BTIG Research restated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Robert W. Baird lifted their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. lifted their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $325.91.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the sale, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is currently owned by company insiders.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.