McDonald’s Co. (NYSE:MCD) Shares Sold by Insight Advisors LLC PA

Insight Advisors LLC PA decreased its holdings in McDonald’s Co. (NYSE:MCD) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,754 shares of the fast-food giant’s stock after selling 85 shares during the quarter. Insight Advisors LLC PA’s holdings in McDonald’s were worth $798,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research analyst reports. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Morgan Stanley dropped their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Evercore ISI upped their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. UBS Group upped their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets upped their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $319.57.

McDonald’s Trading Down 0.4 %

NYSE MCD opened at $288.49 on Thursday. The business’s 50 day moving average is $290.88 and its two-hundred day moving average is $290.38. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market capitalization of $206.74 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 3.83 and a beta of 0.74.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’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 sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 in the last quarter. Company insiders own 0.23% of the company’s stock.

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.