Stratos Wealth Advisors LLC Decreases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Stratos Wealth Advisors LLC lowered its holdings in McDonald’s Co. (NYSE:MCD) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 9,509 shares of the fast-food giant’s stock after selling 320 shares during the period. Stratos Wealth Advisors LLC’s holdings in McDonald’s were worth $2,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the third quarter worth $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the third quarter valued at $44,000. Financial Life Planners purchased a new position in shares of McDonald’s during the 4th quarter valued at $49,000. Finally, Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the 3rd quarter worth $58,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.4 %

MCD opened at $288.49 on Thursday. The business’s fifty day simple moving average is $290.88 and its 200 day simple moving average is $290.38. 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 PE ratio of 25.33, a P/E/G ratio of 3.83 and a beta of 0.74.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MCD shares. Piper Sandler dropped their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday. Bank of America upped their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Citigroup lifted their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company increased their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.57.

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.