Coston McIsaac & Partners Has $6.63 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Coston McIsaac & Partners reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 4.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,868 shares of the fast-food giant’s stock after selling 1,010 shares during the period. McDonald’s comprises about 2.0% of Coston McIsaac & Partners’ investment portfolio, making the stock its 12th biggest position. Coston McIsaac & Partners’ holdings in McDonald’s were worth $6,629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after acquiring an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after purchasing an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in McDonald’s in the third quarter worth $121,254,000. Zurich Insurance Group Ltd FI grew its holdings in shares of McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after purchasing an additional 261,350 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of McDonald’s in the fourth quarter valued at $64,805,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

NYSE:MCD opened at $290.41 on Thursday. The company has a market cap of $208.11 billion, a P/E ratio of 25.50, a P/E/G ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock’s 50-day simple moving average is $291.12 and its 200 day simple moving average is $289.23.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $3.19 earnings per share. As a group, equities analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,905 shares of company stock worth $2,592,327. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MCD. KeyCorp decreased their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Citigroup increased their price target on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets boosted their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

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.