Virginia Wealth Management Group Inc. Purchases 86 Shares of McDonald’s Co. (NYSE:MCD)

Virginia Wealth Management Group Inc. lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, Holdings Channel reports. The fund owned 13,799 shares of the fast-food giant’s stock after buying an additional 86 shares during the quarter. McDonald’s accounts for approximately 2.5% of Virginia Wealth Management Group Inc.’s holdings, making the stock its 18th largest position. Virginia Wealth Management Group Inc.’s holdings in McDonald’s were worth $4,000,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kennebec Savings Bank purchased a new position in shares of McDonald’s in the third quarter worth about $1,394,000. Charles Schwab Investment Management Inc. grew its stake in McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after buying an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after acquiring an additional 2,997 shares during the period. PFW Advisors LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth $2,471,000. Finally, Weiss Asset Management LP bought a new position in shares of McDonald’s in the third quarter worth $16,870,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’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 transaction of $436,134.05. Following the completion of the transaction, the executive vice president now 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 document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on 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 owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MCD shares. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Piper Sandler lowered their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company boosted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Truist Financial lowered their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Eleven equities research 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 $319.58.

McDonald’s Trading Down 0.0 %

Shares of NYSE:MCD opened at $290.00 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock’s 50-day moving average price is $291.00 and its 200-day moving average price is $290.15. The stock has a market capitalization of $207.82 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74.

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.