McDonald’s Co. (NYSE:MCD) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC cut its stake in McDonald’s Co. (NYSE:MCD) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,414 shares of the fast-food giant’s stock after selling 404 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in McDonald’s were worth $1,570,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. grew its stake in McDonald’s by 2.4% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock worth $433,000 after acquiring an additional 33 shares during the period. Riversedge Advisors LLC boosted its holdings in shares of McDonald’s by 2.0% during the third quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock worth $513,000 after purchasing an additional 33 shares during the last quarter. Proquility Private Wealth Partners LLC grew its position in shares of McDonald’s by 1.0% in the third quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock valued at $1,057,000 after purchasing an additional 35 shares during the period. Clear Creek Financial Management LLC increased its stake in McDonald’s by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after purchasing an additional 35 shares during the last quarter. Finally, GDS Wealth Management lifted its position in McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,905 shares of company stock worth $2,592,327 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their price target for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. Evercore ISI boosted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. KeyCorp lowered their price target on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday. Finally, Bank of America boosted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.78.

McDonald’s Trading Up 0.3 %

Shares of NYSE MCD opened at $285.37 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market cap of $204.50 billion, a PE ratio of 25.05, a P/E/G ratio of 3.66 and a beta of 0.73. The stock has a 50 day simple moving average of $291.07 and a 200-day simple moving average of $288.43.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 EPS. Sell-side analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.