Pathstone Holdings LLC Cuts Stake in McDonald's Co. (NYSE:MCD)

Pathstone Holdings LLC reduced its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,741 shares of the fast-food giant's stock after selling 5,935 shares during the quarter. Pathstone Holdings LLC's holdings in McDonald's were worth $32,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atala Financial Inc purchased a new stake in shares of McDonald's during the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald's during the fourth quarter valued at about $27,000. Collier Financial acquired a new position in shares of McDonald's during the fourth quarter valued at about $29,000. Fairway Wealth LLC boosted its position in McDonald's by 110.0% in the fourth 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. purchased a new stake in McDonald's in the fourth quarter valued at approximately $30,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Stock Performance

McDonald's stock opened at $308.76 on Wednesday. The stock has a market cap of $220.79 billion, a P/E ratio of 27.11, a PEG ratio of 3.10 and a beta of 0.57. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm's fifty day moving average price is $310.15 and its 200-day moving average price is $300.31.

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

Analysts Set New Price Targets

Several research firms have commented on MCD. Barclays upped their price objective on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Northcoast Research cut 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 report on Monday, March 17th. Finally, Morgan Stanley decreased their price objective on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Eleven investment 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

Insider Buying and Selling at McDonald's

In other news, EVP Manuel Jm Steijaert sold 10,459 shares of McDonald's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $308.71, for a total value of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares of the company's stock, valued at approximately $1,421,918.26. The trade was a 69.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. The trade was a 24.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,636 shares of company stock valued at $5,420,722. Corporate insiders own 0.25% of the company's stock.

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.

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