Harel Insurance Investments & Financial Services Ltd. Has $68,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Harel Insurance Investments & Financial Services Ltd. lessened its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 29.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 237 shares of the fast-food giant’s stock after selling 100 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in McDonald’s were worth $68,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MCD. Beaird Harris Wealth Management LLC boosted its position in McDonald’s by 9.8% during the second quarter. Beaird Harris Wealth Management LLC now owns 626 shares of the fast-food giant’s stock valued at $159,000 after acquiring an additional 56 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its position in shares of McDonald’s by 85.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 90,831 shares of the fast-food giant’s stock valued at $23,147,000 after purchasing an additional 41,729 shares in the last quarter. Peloton Wealth Strategists grew its stake in McDonald’s by 2.5% during the second quarter. Peloton Wealth Strategists now owns 5,768 shares of the fast-food giant’s stock worth $1,470,000 after purchasing an additional 143 shares during the period. Alethea Capital Management LLC bought a new stake in McDonald’s in the second quarter worth approximately $466,000. Finally, Goodman Advisory Group LLC acquired a new position in McDonald’s in the second quarter valued at approximately $1,575,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several research analyst reports. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $311.00 to $334.00 in a research note on Friday, January 10th. Barclays upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

Get Our Latest Stock Report on McDonald’s

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on 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 owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,905 shares of company stock worth $2,592,327. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $285.37 on Friday. The firm has a market cap of $204.50 billion, a PE ratio of 25.05, a P/E/G ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a fifty day moving average price of $291.07 and a 200-day moving average price of $288.14.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company posted $3.19 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

McDonald’s Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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