McDonald's Co. (NYSE:MCD) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP reduced its stake in McDonald's Co. (NYSE:MCD - Free Report) by 79.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,031 shares of the fast-food giant's stock after selling 4,076 shares during the period. Concentric Capital Strategies LP's holdings in McDonald's were worth $299,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MCD. Vanguard Group Inc. grew its position in shares of McDonald's by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after acquiring an additional 526,466 shares during the last quarter. Geode Capital Management LLC grew its position in shares of McDonald's by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after acquiring an additional 157,458 shares during the last quarter. Capital Research Global Investors grew its position in shares of McDonald's by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after acquiring an additional 531,070 shares during the last quarter. Norges Bank purchased a new position in shares of McDonald's during the fourth quarter worth approximately $2,725,190,000. Finally, Northern Trust Corp grew its position in shares of McDonald's by 11.2% during 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 acquiring an additional 895,896 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Robert W. Baird lifted their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Citigroup lifted their price objective on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Bank of America lifted their price objective on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Eleven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Trading Up 0.1%

Shares of NYSE:MCD traded up $0.26 during midday trading on Friday, hitting $313.75. 1,917,256 shares of the stock were exchanged, compared to its average volume of 3,556,520. The stock 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. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a 50 day moving average price of $310.10 and a 200-day moving average price of $300.11.

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 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 firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the company posted $2.70 EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

Insider Activity at McDonald's

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at approximately $2,964,892.08. This represents a 24.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,136 shares of company stock valued at $8,676,247. 0.25% of the stock is owned by insiders.

About McDonald's

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.