Bank Hapoalim BM Sells 735 Shares of McDonald’s Co. (NYSE:MCD)

Bank Hapoalim BM lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 13.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,871 shares of the fast-food giant’s stock after selling 735 shares during the period. Bank Hapoalim BM’s holdings in McDonald’s were worth $1,412,000 as of its most recent filing with the SEC.

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

McDonald’s Trading Down 0.0 %

Shares of MCD stock opened at $290.00 on Wednesday. The business’s 50-day moving average price is $291.00 and its 200-day moving average price is $290.15. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a market capitalization of $207.82 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.83 and a beta of 0.74.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MCD shares. Citigroup raised their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. BMO Capital Markets raised their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. 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 report on Friday, January 24th. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $319.58.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’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 completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is currently owned by corporate insiders.

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.