First City Capital Management Inc. Sells 49 Shares of McDonald’s Co. (NYSE:MCD)

First City Capital Management Inc. lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,606 shares of the fast-food giant’s stock after selling 49 shares during the quarter. First City Capital Management Inc.’s holdings in McDonald’s were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the 3rd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the third quarter valued at approximately $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s in the third quarter worth $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s during the 3rd quarter worth $58,000. Finally, FSA Wealth Management LLC bought a new position in McDonald’s in the 3rd quarter worth approximately $72,000. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In other news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This trade represents a 44.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,551 shares of company stock valued at $3,120,554. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MCD. Citigroup boosted their target price on shares of McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upped their price target on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Barclays boosted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Twelve research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.65.

McDonald’s Stock Up 0.6 %

Shares of NYSE MCD traded up $1.65 during midday trading on Friday, hitting $294.16. 1,028,214 shares of the company’s stock were exchanged, compared to its average volume of 2,057,491. The company’s 50 day moving average price is $294.57 and its 200 day moving average price is $284.66. The firm has a market capitalization of $210.80 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the firm posted $3.19 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current year.

McDonald’s Company Profile

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.