Bokf Na Cuts Stake in McDonald's Co. (NYSE:MCD)

BOKF NA lowered its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,646 shares of the fast-food giant's stock after selling 1,071 shares during the period. BOKF NA's holdings in McDonald's were worth $30,390,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MCD. Atala Financial Inc bought a new stake in shares of McDonald's in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald's in the fourth quarter worth $27,000. Collier Financial bought a new stake in shares of McDonald's in the fourth quarter valued at $29,000. Fairway Wealth LLC lifted its position in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of McDonald's during the 4th quarter worth $30,000. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business'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 transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,136 shares of company stock worth $8,676,247 in the last 90 days. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on MCD. Robert W. Baird upped their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday. TD Securities reissued a "hold" rating and set a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Morgan Stanley cut their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Finally, Bank of America boosted their price objective on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Eleven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Price Performance

McDonald's stock traded up $0.26 during trading hours on Friday, reaching $313.75. The company had a trading volume of 1,917,256 shares, compared to its average volume of 3,562,227. The firm has a market cap 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. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a 50-day moving average price of $309.93 and a 200 day moving average price of $300.12.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly 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. The business had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.70 EPS. As a group, research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

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.