McDonald's Co. (NYSE:MCD) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC reduced its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 20,236 shares of the fast-food giant's stock after selling 1,052 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in McDonald's were worth $5,866,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Mattern Capital Management LLC lifted its position in McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after acquiring an additional 579 shares during the period. Bell Bank lifted its holdings in shares of McDonald's by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after purchasing an additional 371 shares during the period. YANKCOM Partnership acquired a new stake in shares of McDonald's during the fourth quarter worth $1,628,000. Integral Investment Advisors Inc. grew its position in McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after buying an additional 164 shares during the last quarter. Finally, PFW Advisors LLC acquired a new position in McDonald's in the 4th quarter valued at $2,471,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. Barclays raised their target price on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. TD Securities reissued a "hold" rating and issued a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. Finally, Robert W. Baird lifted their price target on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and a consensus price target of $325.91.

McDonald's Price Performance

Shares of NYSE MCD traded down $1.45 on Wednesday, hitting $307.24. The company's stock had a trading volume of 2,656,449 shares, compared to its average volume of 3,553,611. The stock has a 50 day moving average of $309.86 and a 200-day moving average of $300.36. The company has a market capitalization of $219.70 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

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

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company's stock, valued at $3,853,850. This trade represents a 7.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the transaction, the executive vice president now directly owns 4,606 shares of the company's stock, valued at approximately $1,421,918.26. This represents a 69.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,636 shares of company stock valued at $5,420,722 over the last three months. 0.25% of the stock is currently owned by insiders.

McDonald's 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.