Calamos Wealth Management LLC Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Calamos Wealth Management LLC cut its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,320 shares of the fast-food giant’s stock after selling 175 shares during the period. Calamos Wealth Management LLC’s holdings in McDonald’s were worth $1,832,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MCD. Czech National Bank boosted its holdings in McDonald’s by 6.4% in 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 during the period. GAMMA Investing LLC grew its holdings in shares of McDonald’s by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 8,301 shares of the fast-food giant’s stock valued at $2,528,000 after purchasing an additional 1,534 shares during the last quarter. Diversified Trust Co grew its stake in shares of McDonald’s by 2.0% during the third quarter. Diversified Trust Co now owns 8,078 shares of the fast-food giant’s stock valued at $2,460,000 after buying an additional 161 shares during the last quarter. Everpar Advisors LLC increased its stake in McDonald’s by 13.0% in the 3rd quarter. Everpar Advisors LLC now owns 2,630 shares of the fast-food giant’s stock worth $801,000 after purchasing an additional 302 shares during the period. Finally, Smith Anglin Financial LLC boosted its position in McDonald’s by 2.0% during the 3rd quarter. Smith Anglin Financial LLC now owns 2,743 shares of the fast-food giant’s stock valued at $835,000 after buying an additional 53 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $290.25 on Tuesday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a fifty day moving average price of $291.12 and a 200 day moving average price of $289.94. The stock 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Truist Financial lowered their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. BMO Capital Markets boosted their target price 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, Citigroup increased their price target on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $320.87.

Read Our Latest Analysis on McDonald’s

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 value of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This trade represents a 10.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

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.

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

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