Brown Lisle Cummings Inc. Raises Holdings in McDonald’s Co. (NYSE:MCD)

Brown Lisle Cummings Inc. increased its position in shares of McDonald’s Co. (NYSE:MCD) by 10.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,075 shares of the fast-food giant’s stock after acquiring an additional 199 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in McDonald’s were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the third quarter worth $31,000. Hara Capital LLC purchased a new position in McDonald’s in the third quarter valued at $44,000. Financial Life Planners acquired a new position in shares of McDonald’s in the fourth quarter worth about $49,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCD. Wells Fargo & Company upped their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. KeyCorp decreased their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, TD Cowen restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.58.

Insider Activity at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s 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 completion of the sale, the executive vice president now directly 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 hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,406 shares of company stock worth $2,150,857. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $290.25 on Tuesday. The company’s 50-day moving average is $291.12 and its two-hundred day moving average is $289.94. The firm has a market capitalization of $208.00 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s 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.