Franklin Resources Inc. Raises Holdings in McDonald’s Co. (NYSE:MCD)

Franklin Resources Inc. lifted its stake in McDonald’s Co. (NYSE:MCDFree Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,151,095 shares of the fast-food giant’s stock after acquiring an additional 25,131 shares during the quarter. Franklin Resources Inc. owned 0.43% of McDonald’s worth $934,331,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Independent Wealth Network Inc. raised its holdings in McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after acquiring an additional 35 shares in the last quarter. Paragon Capital Management Ltd raised its stake in shares of McDonald’s by 2.7% in the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after purchasing an additional 36 shares in the last quarter. Mechanics Financial Corp lifted its position in shares of McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after purchasing an additional 36 shares during the last quarter. Unique Wealth LLC raised its stake in McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after buying an additional 38 shares in the last quarter. Finally, Patron Partners LLC lifted its holdings in McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after buying an additional 38 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Royal Bank of Canada lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. TD Cowen reaffirmed a “buy” rating and set a $305.00 price target on shares of McDonald’s in a report on Monday. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Robert W. Baird dropped their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, Barclays decreased their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $317.74.

Read Our Latest Stock Analysis on MCD

Insider Activity at McDonald’s

In other news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 2,997 shares of company stock worth $836,300 over the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $4.48 during mid-day trading on Monday, hitting $267.90. 2,650,049 shares of the stock were exchanged, compared to its average volume of 3,299,506. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock’s fifty day simple moving average is $275.14 and its two-hundred day simple moving average is $283.65. The company has a market cap of $193.07 billion, a P/E ratio of 22.74, a PEG ratio of 3.04 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the company earned $2.63 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts predict that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

About McDonald’s

(Free Report)

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.

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

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