Etesian Wealth Advisors Inc. Sells 86 Shares of McDonald’s Co. (NYSE:MCD)

Etesian Wealth Advisors Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,786 shares of the fast-food giant’s stock after selling 86 shares during the period. McDonald’s makes up about 1.0% of Etesian Wealth Advisors Inc.’s portfolio, making the stock its 24th largest position. Etesian Wealth Advisors Inc.’s holdings in McDonald’s were worth $2,257,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Czech National Bank lifted its holdings in shares of McDonald’s by 6.4% during the 3rd quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock valued at $44,498,000 after purchasing an additional 8,797 shares in the last quarter. Callan Family Office LLC acquired a new stake in McDonald’s during the 3rd quarter worth approximately $217,000. Atomi Financial Group Inc. lifted its stake in McDonald’s by 21.7% in the third quarter. Atomi Financial Group Inc. now owns 4,499 shares of the fast-food giant’s stock valued at $1,370,000 after buying an additional 802 shares in the last quarter. Country Trust Bank boosted its holdings in shares of McDonald’s by 64.1% in the third quarter. Country Trust Bank now owns 476 shares of the fast-food giant’s stock valued at $145,000 after buying an additional 186 shares during the period. Finally, Olistico Wealth LLC increased its position in shares of McDonald’s by 9.7% during the third quarter. Olistico Wealth LLC now owns 4,507 shares of the fast-food giant’s stock worth $1,373,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the 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 directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 over the last three months. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

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 PE ratio of 25.33, a P/E/G ratio of 3.83 and a beta of 0.74. The firm has a 50-day moving average of $290.88 and a 200-day moving average of $290.38.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MCD shares. TD Cowen reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Barclays increased their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Truist Financial cut their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI raised their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, KeyCorp cut their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.