Jackson Grant Investment Advisers Inc. Sells 101 Shares of McDonald’s Co. (NYSE:MCD)

Jackson Grant Investment Advisers Inc. cut its position in shares of McDonald’s Co. (NYSE:MCD) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,218 shares of the fast-food giant’s stock after selling 101 shares during the period. McDonald’s comprises approximately 0.8% of Jackson Grant Investment Advisers Inc.’s investment portfolio, making the stock its 25th biggest holding. Jackson Grant Investment Advisers Inc.’s holdings in McDonald’s were worth $2,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after purchasing an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after buying an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of McDonald’s during the 3rd quarter valued at about $121,254,000. Zurich Insurance Group Ltd FI lifted its holdings in shares of McDonald’s by 3,580.1% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after acquiring an additional 261,350 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in McDonald’s in the fourth quarter worth about $64,805,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction 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. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock valued at $2,150,857 over the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $288.49 on Thursday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market cap of $206.74 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 3.83 and a beta of 0.74. The firm has a 50-day simple moving average of $290.88 and a two-hundred day simple moving average of $290.38.

Analyst Ratings Changes

A number of equities analysts have recently commented on MCD shares. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Morgan Stanley reduced their target price on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. KeyCorp dropped their price target on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $319.57.

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.