McDonald’s Co. (NYSE:MCD) Shares Sold by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC lessened its stake in McDonald’s Co. (NYSE:MCD) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 8,160 shares of the fast-food giant’s stock after selling 105 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in McDonald’s were worth $2,365,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at $44,000. Financial Life Planners acquired a new position in shares of McDonald’s during the 4th quarter valued at $49,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of McDonald’s during the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MCD shares. Wedbush reiterated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Barclays boosted their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Finally, UBS Group boosted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $319.57.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,406 shares of company stock worth $2,150,857. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.4 %

NYSE MCD opened at $288.49 on Thursday. 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 $206.74 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. The company has a 50-day moving average price of $290.88 and a two-hundred day moving average price of $290.38.

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.