Flavin Financial Services Inc. Invests $1.70 Million in McDonald’s Co. (NYSE:MCD)

Flavin Financial Services Inc. acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 5,860 shares of the fast-food giant’s stock, valued at approximately $1,698,000. McDonald’s comprises approximately 1.6% of Flavin Financial Services Inc.’s portfolio, making the stock its 25th biggest holding.

Several other large investors have also modified their holdings of MCD. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $44,000. Financial Life Planners purchased a new stake in shares of McDonald’s in the fourth quarter valued at $49,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the third quarter valued at $58,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated 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 of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock valued at $2,150,857 over the last three months. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. KeyCorp reduced their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Wedbush reiterated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley cut their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $290.25 on Tuesday. The company has a market cap of $208.00 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.83 and a beta of 0.74. The stock’s 50-day moving average is $291.12 and its 200-day moving average is $289.94. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

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.