Osprey Private Wealth LLC Boosts Stake in McDonald’s Co. (NYSE:MCD)

Osprey Private Wealth LLC raised its position in McDonald’s Co. (NYSE:MCD) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,785 shares of the fast-food giant’s stock after buying an additional 300 shares during the period. McDonald’s makes up about 1.8% of Osprey Private Wealth LLC’s holdings, making the stock its 25th biggest holding. Osprey Private Wealth LLC’s holdings in McDonald’s were worth $2,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at about $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at about $44,000. Financial Life Planners acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $49,000. Finally, Peterson Financial Group Inc. acquired a new stake in McDonald’s during the third quarter worth about $58,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MCD shares. Wells Fargo & Company increased their price objective 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. Bank of America increased their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley dropped their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Piper Sandler dropped their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Evercore ISI raised their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.58.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $290.00 on Wednesday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $207.82 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 3.83 and a beta of 0.74. The company has a 50 day moving average price of $291.00 and a 200 day moving average price of $290.15.

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.