ARS Wealth Advisors Group LLC increased its position in McDonald’s Co. (NYSE:MCD – Free Report) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,740 shares of the fast-food giant’s stock after acquiring an additional 1,271 shares during the period. ARS Wealth Advisors Group LLC’s holdings in McDonald’s were worth $2,244,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in MCD. International Assets Investment Management LLC boosted its stake in McDonald’s by 31,151.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after purchasing an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after acquiring an additional 677,139 shares in the last quarter. Mondrian Investment Partners LTD purchased a new stake in McDonald’s in the 2nd quarter worth approximately $110,321,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $121,254,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of McDonald’s by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after acquiring an additional 354,196 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.
McDonald’s Stock Performance
Shares of NYSE MCD traded up $1.44 during mid-day trading on Wednesday, hitting $283.02. The stock had a trading volume of 260,898 shares, compared to its average volume of 2,678,371. The firm has a market cap of $202.82 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. The business has a 50 day moving average price of $293.43 and a two-hundred day moving average price of $286.83. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.
Analysts Set New Price Targets
Several equities analysts have commented on MCD shares. Evercore ISI upped their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and cut their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. BMO Capital Markets raised their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.
Get Our Latest Stock Analysis on MCD
Insider Buying and Selling
In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock valued at $2,829,428 over the last three months. Corporate insiders own 0.23% of the company’s stock.
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.
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