SignalPoint Asset Management LLC lowered its holdings in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,702 shares of the fast-food giant’s stock after selling 48 shares during the quarter. SignalPoint Asset Management LLC’s holdings in McDonald’s were worth $1,363,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the business. Flywheel Private Wealth LLC bought a new position in McDonald’s during the fourth quarter valued at $257,000. RMR Wealth Builders lifted its holdings in shares of McDonald’s by 10.5% in the 4th quarter. RMR Wealth Builders now owns 5,611 shares of the fast-food giant’s stock worth $1,626,000 after acquiring an additional 535 shares during the last quarter. Essex Savings Bank lifted its holdings in shares of McDonald’s by 0.7% in the 4th quarter. Essex Savings Bank now owns 7,330 shares of the fast-food giant’s stock worth $2,125,000 after acquiring an additional 49 shares during the last quarter. Stolper Co lifted its holdings in shares of McDonald’s by 1.1% in the 4th quarter. Stolper Co now owns 6,988 shares of the fast-food giant’s stock worth $2,026,000 after acquiring an additional 76 shares during the last quarter. Finally, ERn Financial LLC lifted its holdings in shares of McDonald’s by 3.0% in the 4th quarter. ERn Financial LLC now owns 1,624 shares of the fast-food giant’s stock worth $471,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.
McDonald’s Stock Up 0.3 %
MCD stock opened at $282.54 on Thursday. The firm has a 50 day moving average of $293.43 and a 200 day moving average of $286.83. The stock has a market capitalization of $202.47 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 3.67 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.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on MCD. Evercore ISI raised their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. KeyCorp raised their target price on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. BMO Capital Markets raised their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their price target on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company raised their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.
Read Our Latest Stock Report on McDonald’s
Insider Buying and Selling at McDonald’s
In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’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 sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,704 shares of company stock worth $2,829,428. Company insiders own 0.23% of the company’s stock.
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.
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