McDonald’s Co. (NYSE:MCD) Shares Sold by Means Investment CO. Inc.

Means Investment CO. Inc. lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,809 shares of the fast-food giant’s stock after selling 331 shares during the quarter. Means Investment CO. Inc.’s holdings in McDonald’s were worth $3,423,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Kennebec Savings Bank purchased a new position in McDonald’s during the 3rd quarter worth approximately $1,394,000. Charles Schwab Investment Management Inc. raised its holdings in shares of McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares during the period. PFW Advisors LLC purchased a new stake in McDonald’s in the fourth quarter valued at $2,471,000. Finally, Weiss Asset Management LP acquired a new stake in McDonald’s during the 3rd quarter worth about $16,870,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Down 0.5 %

MCD stock opened at $288.83 on Monday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a market cap of $206.98 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. The business has a fifty day moving average of $291.12 and a two-hundred day moving average of $289.73.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value 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. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MCD. Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s 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 company an “outperform” rating in a report on Wednesday, October 30th. TD Cowen reissued a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Evercore ISI lifted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, KeyCorp lowered their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $320.87.

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.