Fiduciary Trust Co Decreases Position in McDonald's Co. (NYSE:MCD)

Fiduciary Trust Co lowered its stake in McDonald's Co. (NYSE:MCD - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,058 shares of the fast-food giant's stock after selling 817 shares during the period. Fiduciary Trust Co's holdings in McDonald's were worth $29,296,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Douglas Lane & Associates LLC boosted its stake in shares of McDonald's by 23.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,359 shares of the fast-food giant's stock valued at $684,000 after buying an additional 447 shares in the last quarter. Fortitude Family Office LLC boosted its stake in shares of McDonald's by 39.4% in the fourth quarter. Fortitude Family Office LLC now owns 4,214 shares of the fast-food giant's stock valued at $1,222,000 after buying an additional 1,190 shares in the last quarter. ORG Partners LLC boosted its stake in shares of McDonald's by 4.8% in the fourth quarter. ORG Partners LLC now owns 1,569 shares of the fast-food giant's stock valued at $456,000 after buying an additional 72 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in McDonald's by 31.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 480,355 shares of the fast-food giant's stock valued at $146,272,000 after purchasing an additional 114,692 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its holdings in McDonald's by 2.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 15,549 shares of the fast-food giant's stock valued at $4,508,000 after purchasing an additional 306 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MCD. Bank of America upped their target price on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. upped their target price on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, KeyCorp upped their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Stock Performance

McDonald's stock traded up $0.26 during trading on Friday, hitting $313.75. The company's stock had a trading volume of 1,917,256 shares, compared to its average volume of 3,556,520. The stock has a market capitalization of $224.35 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 3.10 and a beta of 0.57. The stock's fifty day moving average is $310.10 and its 200 day moving average is $300.11. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

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

Insider Activity at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. This represents a 24.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now owns 12,100 shares of the company's stock, valued at $3,853,850. This represents a 7.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is currently 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.