McDonald’s Co. (NYSE:MCD) Shares Sold by Probity Advisors Inc.

Probity Advisors Inc. cut its position in McDonald’s Co. (NYSE:MCDGet Rating) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,242 shares of the fast-food giant’s stock after selling 101 shares during the period. Probity Advisors Inc.’s holdings in McDonald’s were worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Financial Advisory Service Inc. boosted its stake in McDonald’s by 4.1% during the third quarter. Financial Advisory Service Inc. now owns 10,641 shares of the fast-food giant’s stock worth $2,566,000 after buying an additional 418 shares during the last quarter. NewEdge Wealth LLC boosted its stake in McDonald’s by 2.8% during the third quarter. NewEdge Wealth LLC now owns 38,591 shares of the fast-food giant’s stock worth $9,305,000 after buying an additional 1,064 shares during the last quarter. New England Asset Management Inc. boosted its stake in McDonald’s by 5.8% during the third quarter. New England Asset Management Inc. now owns 34,342 shares of the fast-food giant’s stock worth $8,280,000 after buying an additional 1,882 shares during the last quarter. Doyle Wealth Management boosted its stake in McDonald’s by 1.7% during the third quarter. Doyle Wealth Management now owns 69,098 shares of the fast-food giant’s stock worth $16,660,000 after buying an additional 1,187 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its stake in McDonald’s by 6.7% during the third quarter. Prospera Financial Services Inc now owns 28,659 shares of the fast-food giant’s stock worth $6,913,000 after buying an additional 1,795 shares during the last quarter. 68.44% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Catherine M. Engelbert acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The stock was purchased at an average cost of $244.18 per share, with a total value of $244,180.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 5,892 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $249.23, for a total value of $1,468,463.16. Following the completion of the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,040,446.01. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of equities analysts have weighed in on MCD shares. Zacks Investment Research reissued a “hold” rating on shares of McDonald’s in a research note on Thursday, March 17th. Robert W. Baird boosted their price objective on McDonald’s from $268.00 to $293.00 in a report on Tuesday, January 25th. The Goldman Sachs Group boosted their price objective on McDonald’s from $284.00 to $287.00 in a report on Wednesday, January 19th. Citigroup boosted their price objective on McDonald’s from $270.00 to $273.00 in a report on Friday, April 29th. Finally, Northcoast Research downgraded McDonald’s from a “buy” rating to a “neutral” rating and set a $297.00 price objective on the stock. in a report on Thursday, March 10th. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Buy” and an average target price of $281.81.

MCD traded up $0.85 on Friday, hitting $245.04. 3,254,811 shares of the company traded hands, compared to its average volume of 2,617,787. The company has a 50 day moving average of $244.64 and a 200-day moving average of $251.72. The stock has a market capitalization of $181.22 billion, a PE ratio of 25.88, a PEG ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 12-month low of $217.68 and a 12-month high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The fast-food giant reported $2.28 EPS for the quarter, beating the consensus estimate of $2.18 by $0.10. The firm had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.57 billion. McDonald’s had a negative return on equity of 131.20% and a net margin of 29.93%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Equities analysts expect that McDonald’s Co. will post 9.83 EPS for the current fiscal year.

About McDonald’s (Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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

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