E. Ohman J or Asset Management AB boosted its stake in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,870 shares of the fast-food giant’s stock after buying an additional 3,560 shares during the period. E. Ohman J or Asset Management AB’s holdings in McDonald’s were worth $9,529,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of MCD. Stephens Consulting LLC lifted its stake in shares of McDonald’s by 17.0% during the 4th quarter. Stephens Consulting LLC now owns 516 shares of the fast-food giant’s stock worth $150,000 after purchasing an additional 75 shares during the last quarter. Welch Group LLC lifted its position in shares of McDonald’s by 1.4% during the fourth quarter. Welch Group LLC now owns 199,402 shares of the fast-food giant’s stock valued at $57,747,000 after buying an additional 2,745 shares during the last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of McDonald’s by 10.6% in the 4th quarter. Brown Lisle Cummings Inc. now owns 2,075 shares of the fast-food giant’s stock valued at $602,000 after buying an additional 199 shares in the last quarter. Commonwealth Financial Services LLC grew its position in shares of McDonald’s by 18.5% in the 4th quarter. Commonwealth Financial Services LLC now owns 1,812 shares of the fast-food giant’s stock worth $525,000 after buying an additional 283 shares during the last quarter. Finally, Rockline Wealth Management LLC raised its stake in shares of McDonald’s by 4.5% during the 4th quarter. Rockline Wealth Management LLC now owns 16,807 shares of the fast-food giant’s stock worth $4,872,000 after acquiring an additional 728 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.
Analyst Upgrades and Downgrades
MCD has been the subject of several recent analyst reports. Barclays raised their target price on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. 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 note on Wednesday, October 30th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Citigroup upped their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lifted their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $319.58.
McDonald’s Trading Up 0.5 %
Shares of MCD stock opened at $290.25 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The business’s 50 day moving average is $291.12 and its two-hundred day moving average is $289.94. The company has a market capitalization 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.
Insider Transactions at McDonald’s
In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 in the last three months. 0.23% of the stock is currently owned by company insiders.
About McDonald’s
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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