McDonald’s Co. (NYSE:MCD) Shares Bought by CFM Wealth Partners LLC

CFM Wealth Partners LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,892 shares of the fast-food giant’s stock after acquiring an additional 382 shares during the period. CFM Wealth Partners LLC’s holdings in McDonald’s were worth $5,477,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s during the 3rd quarter valued at $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s during the 3rd quarter valued at $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC acquired a new position in McDonald’s during the 3rd quarter worth $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on MCD shares. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. TD Cowen reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Truist Financial decreased their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten equities research 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 presently has an average rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Price Performance

NYSE MCD opened at $288.83 on Monday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market cap of $206.98 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.83 and a beta of 0.74. The company has a fifty day moving average price of $291.12 and a 200-day moving average price of $289.73.

McDonald’s Profile

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.