GDS Wealth Management Sells 84 Shares of McDonald’s Co. (NYSE:MCD)

GDS Wealth Management lessened its stake in shares of McDonald’s Co. (NYSE:MCDFree Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,420 shares of the fast-food giant’s stock after selling 84 shares during the quarter. GDS Wealth Management’s holdings in McDonald’s were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rheos Capital Works Inc. acquired a new stake in McDonald’s during the 4th quarter valued at $2,058,000. EQ Wealth Advisors LLC acquired a new stake in McDonald’s during the 4th quarter valued at $464,000. Financial Life Planners acquired a new stake in McDonald’s during the 4th quarter valued at $49,000. Rice Partnership LLC increased its holdings in McDonald’s by 2.0% during the 4th quarter. Rice Partnership LLC now owns 19,429 shares of the fast-food giant’s stock valued at $5,632,000 after purchasing an additional 385 shares in the last quarter. Finally, Catalina Capital Group LLC increased its holdings in McDonald’s by 1.9% during the 4th quarter. Catalina Capital Group LLC now owns 2,412 shares of the fast-food giant’s stock valued at $699,000 after purchasing an additional 45 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’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 sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KeyCorp dropped their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 24th. UBS Group lifted their target price on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their target price on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.87.

Get Our Latest Research Report on McDonald’s

McDonald’s Trading Up 0.5 %

MCD stock opened at $290.25 on Tuesday. The business’s 50-day moving average price is $291.12 and its two-hundred day moving average price is $289.94. The firm has a market cap of $208.00 billion, a PE ratio of 25.48, a P/E/G ratio of 3.83 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.

About McDonald’s

(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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