Syntegra Private Wealth Group LLC Acquires 971 Shares of McDonald’s Co. (NYSE:MCD)

Syntegra Private Wealth Group LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 70.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,353 shares of the fast-food giant’s stock after buying an additional 971 shares during the quarter. Syntegra Private Wealth Group LLC’s holdings in McDonald’s were worth $682,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

MCD has been the subject of a number of research reports. Piper Sandler decreased their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday. Truist Financial cut their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. 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 report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.57.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The sale 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 stock in a transaction that occurred 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 sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 over the last three months. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.4 %

Shares of NYSE:MCD opened at $288.49 on Thursday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market cap of $206.74 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. The stock has a 50 day moving average of $290.88 and a 200 day moving average of $290.38.

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.