W.G. Shaheen & Associates DBA Whitney & Co lessened its stake in shares of McDonald's Co. (NYSE:MCD) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,901 shares of the fast-food giant’s stock after selling 800 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in McDonald's were worth $1,704,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MCD. Acrospire Investment Management LLC acquired a new stake in shares of McDonald's during the 2nd quarter valued at $153,000. Beach Investment Management LLC. acquired a new stake in McDonald's during the 2nd quarter valued at $296,000. AJO LP raised its stake in McDonald's by 24.5% during the 2nd quarter. AJO LP now owns 436,071 shares of the fast-food giant’s stock valued at $66,789,000 after purchasing an additional 85,831 shares during the period. Riverhead Capital Management LLC raised its stake in McDonald's by 3.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 49,671 shares of the fast-food giant’s stock valued at $7,608,000 after purchasing an additional 1,437 shares during the period. Finally, Matthew Goff Investment Advisor LLC acquired a new stake in McDonald's during the 2nd quarter valued at $205,000. Institutional investors own 68.49% of the company’s stock.

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MCD has been the topic of several recent analyst reports. Goldman Sachs reissued a “buy” rating and set a $186.00 target price on shares of McDonald's in a research note on Friday, March 23rd. Royal Bank of Canada set a $190.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Thursday, December 21st. Bank of America set a $200.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Monday, January 29th. Credit Suisse Group reissued an “outperform” rating and set a $185.00 target price (up from $178.00) on shares of McDonald's in a research note on Tuesday, December 19th. Finally, Barclays reissued an “overweight” rating and set a $205.00 target price (up from $193.00) on shares of McDonald's in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. McDonald's currently has a consensus rating of “Buy” and an average price target of $183.40.

In related news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Shares of NYSE:MCD opened at $161.63 on Tuesday. The firm has a market capitalization of $128,494.15, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64. McDonald's Co. has a 1 year low of $130.91 and a 1 year high of $178.70. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82.

McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. McDonald's’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. equities analysts anticipate that McDonald's Co. will post 7.58 EPS for the current year.

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McDonald's Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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