Holistic Planning LLC Has $588,000 Stake in McDonald’s Co. (NYSE:MCD)

Holistic Planning LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,029 shares of the fast-food giant’s stock after selling 72 shares during the period. Holistic Planning LLC’s holdings in McDonald’s were worth $588,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $44,000. Financial Life Planners bought a new stake in shares of McDonald’s in the 4th quarter worth about $49,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s during the 3rd quarter worth about $58,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. Evercore ISI lifted their target price 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. KeyCorp reduced their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. UBS Group raised their target price on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley reduced their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Stock Performance

Shares of MCD stock opened at $288.83 on Monday. The company’s 50 day moving average price is $291.12 and its two-hundred day moving average price is $289.94. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market capitalization of $206.98 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The stock was 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 of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,406 shares of company stock valued at $2,150,857. Company insiders own 0.23% of the company’s stock.

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.